Parallel Advisors LLC Buys 564 Shares of Kyndryl Holdings, Inc. $KD

Parallel Advisors LLC boosted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 18.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,683 shares of the company’s stock after purchasing an additional 564 shares during the quarter. Parallel Advisors LLC’s holdings in Kyndryl were worth $155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Kyndryl during the first quarter valued at about $27,000. Quarry LP purchased a new stake in Kyndryl in the first quarter worth $28,000. Hollencrest Capital Management lifted its stake in Kyndryl by 637.7% in the first quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock worth $28,000 after acquiring an additional 778 shares during the period. Compass Financial Services Inc purchased a new stake in Kyndryl in the first quarter worth $30,000. Finally, Virtus Advisers LLC bought a new position in Kyndryl in the first quarter worth $31,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KD shares. Wall Street Zen downgraded Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Oppenheimer raised their target price on Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $46.00.

Kyndryl Trading Up 0.2%

Shares of KD opened at $31.58 on Wednesday. The stock’s fifty day simple moving average is $33.25 and its 200 day simple moving average is $35.25. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a twelve month low of $22.26 and a twelve month high of $44.20. The firm has a market capitalization of $7.30 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 3.47 and a beta of 1.89.

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