Intech Investment Management LLC Purchases 318 Shares of Kyndryl Holdings, Inc. $KD

Intech Investment Management LLC raised its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 0.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,751 shares of the company’s stock after acquiring an additional 318 shares during the period. Intech Investment Management LLC’s holdings in Kyndryl were worth $2,096,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in KD. Focus Partners Wealth bought a new stake in shares of Kyndryl during the fourth quarter worth approximately $669,000. Nuveen Asset Management LLC boosted its holdings in shares of Kyndryl by 7.7% during the fourth quarter. Nuveen Asset Management LLC now owns 1,001,131 shares of the company’s stock worth $34,639,000 after acquiring an additional 71,351 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Kyndryl during the fourth quarter worth approximately $360,000. ProShare Advisors LLC boosted its holdings in shares of Kyndryl by 7.8% during the fourth quarter. ProShare Advisors LLC now owns 10,867 shares of the company’s stock worth $376,000 after acquiring an additional 788 shares during the period. Finally, Vident Advisory LLC boosted its holdings in shares of Kyndryl by 26.5% during the fourth quarter. Vident Advisory LLC now owns 165,693 shares of the company’s stock worth $5,733,000 after acquiring an additional 34,680 shares during the period. Institutional investors own 71.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KD. Wall Street Zen cut Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Oppenheimer lifted their price target on shares of Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $46.00.

Kyndryl Stock Down 0.9%

Shares of NYSE:KD opened at $31.71 on Wednesday. The company has a fifty day moving average of $34.15 and a 200-day moving average of $35.43. The company has a market capitalization of $7.33 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 3.50 and a beta of 1.89. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. Kyndryl Holdings, Inc. has a 52-week low of $22.26 and a 52-week high of $44.20.

Kyndryl (NYSE:KD) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. On average, equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS 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.