Kyndryl Holdings, Inc. (NYSE:KD) Shares Bought by Sky Investment Group LLC

Sky Investment Group LLC grew its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 54.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 79,095 shares of the company's stock after buying an additional 27,880 shares during the period. Sky Investment Group LLC's holdings in Kyndryl were worth $1,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KD. Acadian Asset Management LLC acquired a new position in shares of Kyndryl during the 1st quarter worth approximately $26,000. ORG Wealth Partners LLC purchased a new stake in Kyndryl during the 3rd quarter worth about $29,000. ORG Partners LLC raised its stake in Kyndryl by 622.4% in the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company's stock valued at $31,000 after purchasing an additional 1,220 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Kyndryl by 60.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company's stock valued at $39,000 after purchasing an additional 554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Kyndryl during the second quarter worth about $39,000. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Oppenheimer assumed coverage on shares of Kyndryl in a research note on Thursday, June 27th. They set an "outperform" rating and a $33.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $29.40.

Kyndryl Trading Down 0.3 %

Shares of KD traded down $0.08 during mid-day trading on Tuesday, hitting $24.33. The company had a trading volume of 1,509,458 shares, compared to its average volume of 1,650,259. Kyndryl Holdings, Inc. has a 1-year low of $13.87 and a 1-year high of $28.60. The business's 50-day simple moving average is $23.57 and its 200-day simple moving average is $24.31. The stock has a market cap of $5.61 billion, a PE ratio of -16.33, a P/E/G ratio of 5.42 and a beta of 1.63. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.82.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.78 billion. Kyndryl had a negative net margin of 1.21% and a negative return on equity of 3.28%. Sell-side analysts forecast that Kyndryl Holdings, Inc. will post 0.89 earnings per share for the current 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.