180 Wealth Advisors LLC Has $522,000 Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

180 Wealth Advisors LLC trimmed its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,011 shares of the company’s stock after selling 1,247 shares during the period. 180 Wealth Advisors LLC’s holdings in Kyndryl were worth $522,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KD. Atlas Capital Advisors LLC bought a new stake in Kyndryl in the 1st quarter valued at $33,000. Fortis Group Advisors LLC boosted its holdings in shares of Kyndryl by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock worth $33,000 after buying an additional 800 shares during the period. Pingora Partners LLC bought a new position in Kyndryl in the 4th quarter valued at about $50,000. Raleigh Capital Management Inc. lifted its position in Kyndryl by 100.3% during the third quarter. Raleigh Capital Management Inc. now owns 3,030 shares of the company’s stock worth $46,000 after acquiring an additional 1,517 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Kyndryl by 19.7% during the first quarter. AdvisorNet Financial Inc now owns 6,407 shares of the company’s stock worth $139,000 after acquiring an additional 1,054 shares during the period. 71.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KD has been the topic of a number of recent research reports. Scotiabank increased their target price on Kyndryl from $28.00 to $30.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 13th. Oppenheimer assumed coverage on Kyndryl in a report on Thursday. They set an “outperform” rating and a $33.00 target price for the company. Finally, Susquehanna upped their price target on shares of Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a research note on Thursday, May 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $29.40.

Kyndryl Trading Up 0.5 %

Shares of Kyndryl stock traded up $0.14 on Friday, hitting $26.19. The stock had a trading volume of 742,452 shares, compared to its average volume of 1,703,655. Kyndryl Holdings, Inc. has a twelve month low of $11.92 and a twelve month high of $28.60. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $6.04 billion, a P/E ratio of -17.48, a PEG ratio of 5.81 and a beta of 1.70. The stock has a 50 day moving average of $24.84 and a 200 day moving average of $22.33.

Kyndryl (NYSE:KD) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.11. Kyndryl had a negative net margin of 2.12% and a negative return on equity of 4.11%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company earned ($0.21) EPS. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. Sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 30,430 shares of Kyndryl stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $26.36, for a total transaction of $802,134.80. Following the transaction, the senior vice president now directly owns 78,722 shares of the company’s stock, valued at approximately $2,075,111.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.04% of the company’s stock.

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.