Ameritas Investment Partners Inc. Has $1.10 Million Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Ameritas Investment Partners Inc. lessened its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 1.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 50,730 shares of the company’s stock after selling 605 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Kyndryl were worth $1,104,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in Kyndryl in the 1st quarter worth about $26,000. ORG Partners LLC increased its position in shares of Kyndryl by 622.4% in the first 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 period. Fortis Group Advisors LLC lifted its position in Kyndryl by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock worth $33,000 after purchasing an additional 800 shares during the period. Atlas Capital Advisors LLC acquired a new stake in Kyndryl during the first quarter worth about $33,000. Finally, Pingora Partners LLC acquired a new stake in Kyndryl during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

KD has been the subject of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Kyndryl in a report on Thursday, June 27th. They set an “outperform” rating and a $33.00 price target for the company. Scotiabank raised their target price on Kyndryl from $28.00 to $30.00 and gave the company a “sector outperform” rating in a report on Monday, May 13th. Finally, Susquehanna lifted their price target on 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, Kyndryl currently has a consensus rating of “Buy” and a consensus price target of $29.40.

Insider Activity at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 30,430 shares of Kyndryl stock in a transaction dated Monday, June 3rd. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is currently owned by company insiders.

Kyndryl Price Performance

Shares of KD traded down $0.06 during midday trading on Tuesday, hitting $27.57. The company’s stock had a trading volume of 2,389,006 shares, compared to its average volume of 1,695,389. Kyndryl Holdings, Inc. has a one year low of $11.92 and a one year high of $28.60. The company’s fifty day simple moving average is $26.53 and its two-hundred day simple moving average is $23.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of -18.50, a price-to-earnings-growth ratio of 5.47 and a beta of 1.68.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.11. Kyndryl had a negative return on equity of 4.11% and a negative net margin of 2.12%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted ($0.21) EPS. Kyndryl’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities analysts expect that Kyndryl Holdings, Inc. will post 1 earnings per share for the current fiscal 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.