Amalgamated Bank Has $3.79 Million Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Amalgamated Bank reduced its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,843 shares of the company’s stock after selling 9,612 shares during the period. Amalgamated Bank owned 0.06% of Kyndryl worth $3,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KD. Teacher Retirement System of Texas increased its holdings in shares of Kyndryl by 37.4% in the fourth quarter. Teacher Retirement System of Texas now owns 27,913 shares of the company’s stock valued at $580,000 after purchasing an additional 7,592 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Kyndryl by 30.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 20,864 shares of the company’s stock valued at $434,000 after purchasing an additional 4,822 shares during the last quarter. Norges Bank acquired a new position in shares of Kyndryl in the fourth quarter valued at $54,283,000. Corient Private Wealth LLC boosted its position in shares of Kyndryl by 19.1% in the fourth quarter. Corient Private Wealth LLC now owns 40,150 shares of the company’s stock valued at $834,000 after acquiring an additional 6,431 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new stake in shares of Kyndryl in the fourth quarter valued at about $940,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Trading Up 0.5 %

KD opened at $23.88 on Monday. Kyndryl Holdings, Inc. has a twelve month low of $13.87 and a twelve month high of $28.60. The company has a 50-day simple moving average of $24.19 and a 200 day simple moving average of $23.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.82. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of -16.03, a P/E/G ratio of 4.77 and a beta of 1.64.

Kyndryl (NYSE:KD) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Kyndryl had a negative net margin of 1.21% and a negative return on equity of 3.28%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Analysts predict that Kyndryl Holdings, Inc. will post 0.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer assumed coverage on shares of Kyndryl in a research report on Thursday, June 27th. They issued an “outperform” rating and a $33.00 target price for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $29.40.

Kyndryl Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.