Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Xponance Inc.

Xponance Inc. lowered its position in Kyndryl Holdings, Inc. (NYSE:KD) by 10.0% in the second quarter, HoldingsChannel reports. The fund owned 24,666 shares of the company’s stock after selling 2,738 shares during the quarter. Xponance Inc.’s holdings in Kyndryl were worth $649,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in Kyndryl in the 1st quarter worth $26,000. ORG Partners LLC raised its position in shares of Kyndryl by 622.4% during the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock worth $31,000 after purchasing an additional 1,220 shares during the last quarter. Fortis Group Advisors LLC lifted its stake in Kyndryl by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock valued at $33,000 after buying an additional 800 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in Kyndryl in the 1st quarter worth about $33,000. Finally, Headlands Technologies LLC increased its stake in Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after buying an additional 554 shares in the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Stock Performance

KD opened at $23.01 on Monday. Kyndryl Holdings, Inc. has a twelve month low of $13.87 and a twelve month high of $28.60. The firm has a market capitalization of $5.30 billion, a PE ratio of -15.44, a PEG ratio of 5.32 and a beta of 1.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.82. The firm’s 50-day moving average price is $23.79 and its 200 day moving average price is $24.03.

Kyndryl (NYSE:KD) last issued its earnings results 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. The business had revenue of $3.74 billion for 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%. As a group, sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.