Natixis Advisors LLC Purchases 9,610 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Natixis Advisors LLC raised its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 17.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,347 shares of the company’s stock after acquiring an additional 9,610 shares during the period. Natixis Advisors LLC’s holdings in Kyndryl were worth $1,989,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Kyndryl during the first quarter worth approximately $27,000. Hollencrest Capital Management boosted its stake in shares of Kyndryl by 637.7% in the first quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock valued at $28,000 after buying an additional 778 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Kyndryl in the fourth quarter valued at approximately $30,000. True Wealth Design LLC boosted its stake in shares of Kyndryl by 150.6% in the fourth quarter. True Wealth Design LLC now owns 872 shares of the company’s stock valued at $30,000 after buying an additional 524 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of Kyndryl by 107.9% in the first quarter. Private Trust Co. NA now owns 1,021 shares of the company’s stock valued at $32,000 after buying an additional 530 shares during the period. Institutional investors own 71.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Kyndryl from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Oppenheimer boosted their price target on Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Finally, Susquehanna cut their price target on Kyndryl from $46.00 to $43.00 and set a “positive” rating for the company in a research note on Wednesday, April 23rd.

Kyndryl Stock Up 1.8%

NYSE KD opened at $30.71 on Friday. The business has a fifty day moving average price of $39.29 and a two-hundred day moving average price of $37.01. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.07. Kyndryl Holdings, Inc. has a fifty-two week low of $22.01 and a fifty-two week high of $44.20. The stock has a market capitalization of $7.10 billion, a PE ratio of 25.38, a PEG ratio of 3.28 and a beta of 1.91.

Kyndryl (NYSE:KD) last released its earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the prior year, the company earned $0.13 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Equities analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Vineet Khurana sold 26,451 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the completion of the transaction, the senior vice president directly owned 73,278 shares in the company, valued at approximately $2,868,100.92. This represents a 26.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by insiders.

Kyndryl Company 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.