Greenwich Wealth Management LLC Sells 2,528 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Greenwich Wealth Management LLC lowered its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,979 shares of the company’s stock after selling 2,528 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Kyndryl were worth $736,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in Kyndryl during the first quarter worth about $26,000. ORG Partners LLC grew its stake in shares of Kyndryl by 622.4% in the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock worth $31,000 after buying an additional 1,220 shares during the last quarter. Fortis Group Advisors LLC boosted its holdings in Kyndryl by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock worth $33,000 after acquiring an additional 800 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Kyndryl in the first quarter worth $33,000. Finally, Headlands Technologies LLC increased its holdings in shares of Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after acquiring an additional 554 shares in the last quarter. Institutional investors own 71.53% of the company’s stock.

Kyndryl Trading Up 0.2 %

Shares of KD stock opened at $22.93 on Monday. The stock has a market capitalization of $5.29 billion, a P/E ratio of -15.39, a P/E/G ratio of 4.77 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 is $24.45 and its 200 day moving average is $23.94. Kyndryl Holdings, Inc. has a 12-month low of $13.87 and a 12-month high of $28.60.

Kyndryl (NYSE:KD) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.78 billion. Research analysts expect that Kyndryl Holdings, Inc. will post 0.95 earnings per share for the current year.

Analyst Ratings Changes

Separately, Oppenheimer assumed coverage on shares of Kyndryl in a research note on Thursday, June 27th. They issued an “outperform” rating and a $33.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $29.40.

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.