Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its position in shares of Kyndryl Holdings, Inc. (NYSE:KDFree Report) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,691 shares of the company’s stock after selling 4,900 shares during the period. Gabelli Funds LLC’s holdings in Kyndryl were worth $1,460,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bartlett & Co. LLC raised its position in shares of Kyndryl by 142.0% during the 3rd quarter. Bartlett & Co. LLC now owns 1,873 shares of the company’s stock worth $28,000 after purchasing an additional 1,099 shares during the period. Fairfield Bush & CO. acquired a new stake in Kyndryl in the 2nd quarter valued at approximately $28,000. State of Wyoming acquired a new stake in Kyndryl in the 2nd quarter valued at approximately $55,000. Geneos Wealth Management Inc. acquired a new stake in Kyndryl in the 1st quarter valued at approximately $61,000. Finally, Aspen Grove Capital LLC acquired a new stake in Kyndryl in the 4th quarter valued at approximately $115,000. Institutional investors own 64.89% of the company’s stock.

Kyndryl Trading Up 2.9 %

Shares of Kyndryl stock opened at $21.97 on Friday. The business has a fifty day simple moving average of $20.24 and a 200-day simple moving average of $17.31. The company has a quick ratio of 1.02, a current ratio of 0.94 and a debt-to-equity ratio of 2.03. Kyndryl Holdings, Inc. has a 12 month low of $11.35 and a 12 month high of $22.10.

Kyndryl (NYSE:KDGet Free Report) last issued its earnings results on Tuesday, November 7th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.16. Kyndryl had a negative return on equity of 7.39% and a negative net margin of 6.27%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter last year, the firm posted ($0.45) earnings per share. Kyndryl’s revenue was down 2.5% compared to the same quarter last year. Equities analysts predict that Kyndryl Holdings, Inc. will post -0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. upgraded Kyndryl from a “neutral” rating to an “overweight” rating and raised their target price for the company from $20.00 to $25.00 in a research report on Monday, December 18th. TheStreet raised Kyndryl from a “d” rating to a “c” rating in a research note on Tuesday, December 12th. Evercore ISI raised Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 price target for the company in a research note on Monday, January 8th. Finally, Susquehanna raised their price objective on Kyndryl from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Read Our Latest Research Report on KD

Kyndryl Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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