Blue Trust Inc. Boosts Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Blue Trust Inc. lifted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 34.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,334 shares of the company’s stock after purchasing an additional 1,122 shares during the period. Blue Trust Inc.’s holdings in Kyndryl were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC purchased a new stake in Kyndryl in the 3rd quarter worth $654,000. Ellsworth Advisors LLC grew its position in shares of Kyndryl by 4.8% in the third quarter. Ellsworth Advisors LLC now owns 24,069 shares of the company’s stock valued at $553,000 after purchasing an additional 1,094 shares during the period. Trust Co. of Vermont increased its stake in shares of Kyndryl by 15.2% during the third quarter. Trust Co. of Vermont now owns 3,513 shares of the company’s stock worth $81,000 after purchasing an additional 464 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of Kyndryl by 6.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 16,729 shares of the company’s stock worth $384,000 after purchasing an additional 971 shares during the last quarter. Finally, Creative Planning lifted its stake in Kyndryl by 3.3% in the 3rd quarter. Creative Planning now owns 42,999 shares of the company’s stock valued at $988,000 after buying an additional 1,384 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

NYSE:KD opened at $24.27 on Wednesday. The stock has a 50 day moving average of $23.61 and a two-hundred day moving average of $24.38. Kyndryl Holdings, Inc. has a 12 month low of $13.95 and a 12 month high of $28.60. The firm has a market cap of $5.59 billion, a P/E ratio of -16.29, a price-to-earnings-growth ratio of 5.48 and a beta of 1.63. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.82.

Kyndryl (NYSE:KD) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. On average, analysts expect that Kyndryl Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

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.