Pacer Advisors Inc. trimmed its position in shares of Kyndryl Holdings, Inc. (NYSE:KD – Free Report) by 68.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,848 shares of the company’s stock after selling 31,972 shares during the quarter. Pacer Advisors Inc.’s holdings in Kyndryl were worth $219,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors increased its holdings in Kyndryl by 3.7% in the 4th quarter. Captrust Financial Advisors now owns 17,659 shares of the company’s stock worth $196,000 after buying an additional 630 shares during the period. TCTC Holdings LLC increased its holdings in Kyndryl by 0.9% in the 4th quarter. TCTC Holdings LLC now owns 77,081 shares of the company’s stock worth $857,000 after buying an additional 660 shares during the period. AdvisorNet Financial Inc increased its holdings in Kyndryl by 15.7% in the 1st quarter. AdvisorNet Financial Inc now owns 5,366 shares of the company’s stock worth $79,000 after buying an additional 727 shares during the period. Parallel Advisors LLC increased its holdings in Kyndryl by 55.9% in the 4th quarter. Parallel Advisors LLC now owns 2,500 shares of the company’s stock worth $28,000 after buying an additional 896 shares during the period. Finally, Greenwich Wealth Management LLC increased its holdings in Kyndryl by 4.1% in the 4th quarter. Greenwich Wealth Management LLC now owns 22,821 shares of the company’s stock worth $254,000 after buying an additional 900 shares during the period. 63.33% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on KD shares. Susquehanna dropped their price objective on shares of Kyndryl from $17.00 to $14.00 in a research note on Thursday, May 18th. Scotiabank started coverage on shares of Kyndryl in a research note on Thursday, April 20th. They set a “sector outperform” rating and a $22.00 price objective on the stock.
Kyndryl Stock Performance
Kyndryl (NYSE:KD – Get Free Report) last released its quarterly earnings results on Tuesday, May 16th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.23) by $1.02. Kyndryl had a negative net margin of 8.07% and a negative return on equity of 27.55%. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.13 billion. As a group, sell-side analysts anticipate that Kyndryl Holdings, Inc. will post -0.66 EPS 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.
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