River Global Investors LLP Decreases Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

River Global Investors LLP decreased its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 3.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 75,130 shares of the company’s stock after selling 2,870 shares during the period. River Global Investors LLP’s holdings in Kyndryl were worth $1,562,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Raleigh Capital Management Inc. increased its holdings in shares of Kyndryl by 100.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,030 shares of the company’s stock worth $46,000 after buying an additional 1,517 shares during the last quarter. Huntington National Bank increased its stake in Kyndryl by 32.9% during the third quarter. Huntington National Bank now owns 3,714 shares of the company’s stock worth $56,000 after acquiring an additional 919 shares during the last quarter. Systematic Alpha Investments LLC purchased a new stake in Kyndryl during the third quarter valued at approximately $73,000. RIA Advisory Group LLC bought a new stake in shares of Kyndryl in the 4th quarter valued at approximately $138,000. Finally, Cerity Partners LLC purchased a new position in shares of Kyndryl in the 4th quarter worth approximately $206,000. Institutional investors own 71.53% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on KD. Evercore ISI upgraded Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday, January 8th. Susquehanna raised shares of Kyndryl from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $19.00 to $27.00 in a research note on Monday, February 12th.

Kyndryl Trading Up 3.3 %

KD traded up $0.65 on Friday, reaching $20.54. 1,580,466 shares of the company traded hands, compared to its average volume of 1,588,563. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.03. The company has a market cap of $4.73 billion, a P/E ratio of -4.53, a price-to-earnings-growth ratio of 5.79 and a beta of 1.57. The firm has a fifty day simple moving average of $21.23 and a two-hundred day simple moving average of $19.82. Kyndryl Holdings, Inc. has a one year low of $11.35 and a one year high of $22.90.

Kyndryl (NYSE:KD) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). Kyndryl had a negative net margin of 6.27% and a negative return on equity of 7.39%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.89 billion. As a group, equities research analysts expect that Kyndryl Holdings, Inc. will post -0.57 earnings per share for the current year.

About Kyndryl

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.