Kyndryl Holdings, Inc. $KD Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lowered its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 15.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,468 shares of the company’s stock after selling 452 shares during the quarter. TD Private Client Wealth LLC’s holdings in Kyndryl were worth $104,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new position in Kyndryl during the 1st quarter valued at approximately $943,000. Landscape Capital Management L.L.C. bought a new stake in Kyndryl during the 1st quarter valued at $605,000. Raymond James Financial Inc. raised its stake in Kyndryl by 10.6% during the 1st quarter. Raymond James Financial Inc. now owns 363,043 shares of the company’s stock valued at $11,400,000 after acquiring an additional 34,735 shares in the last quarter. Hsbc Holdings PLC raised its stake in Kyndryl by 29.0% during the 1st quarter. Hsbc Holdings PLC now owns 38,094 shares of the company’s stock valued at $1,190,000 after acquiring an additional 8,559 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in Kyndryl by 56.2% during the 1st quarter. Voya Investment Management LLC now owns 71,664 shares of the company’s stock valued at $2,250,000 after acquiring an additional 25,784 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Wall Street Analyst Weigh In

KD has been the topic of several recent analyst reports. Oppenheimer lifted their target price on Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Morgan Stanley initiated coverage on Kyndryl in a research note on Friday. They set an “equal weight” rating and a $30.00 target price on the stock. Finally, Wall Street Zen downgraded Kyndryl from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Kyndryl presently has an average rating of “Moderate Buy” and an average target price of $42.00.

Kyndryl Stock Up 2.3%

Shares of Kyndryl stock opened at $30.12 on Tuesday. The stock’s fifty day moving average is $32.55 and its 200-day moving average is $35.16. The firm has a market capitalization of $6.96 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 3.23 and a beta of 1.89. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 12-month low of $22.26 and a 12-month high of $44.20.

Kyndryl (NYSE:KD) last announced its earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.Kyndryl’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. Equities analysts anticipate 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.