State of Alaska Department of Revenue Sells 1,165 Shares of Kyndryl Holdings, Inc. $KD

State of Alaska Department of Revenue cut its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,092 shares of the company’s stock after selling 1,165 shares during the quarter. State of Alaska Department of Revenue’s holdings in Kyndryl were worth $1,094,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. boosted its stake in Kyndryl by 135.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock worth $28,000 after purchasing an additional 384 shares during the period. Plancorp LLC purchased a new position in shares of Kyndryl in the second quarter worth $223,000. Public Employees Retirement System of Ohio boosted its position in shares of Kyndryl by 2.4% during the second quarter. Public Employees Retirement System of Ohio now owns 77,191 shares of the company’s stock worth $3,239,000 after acquiring an additional 1,813 shares during the last quarter. Ballentine Partners LLC purchased a new position in Kyndryl during the second quarter valued at $505,000. Finally, Oliver Luxxe Assets LLC increased its holdings in Kyndryl by 2.3% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 107,521 shares of the company’s stock valued at $4,512,000 after acquiring an additional 2,390 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Oppenheimer upped their price objective on Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a research note on Saturday, September 27th. Morgan Stanley started coverage on shares of Kyndryl in a research note on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price objective for the company. Zacks Research downgraded shares of Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, Wall Street Zen downgraded shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $42.00.

Kyndryl Trading Down 1.0%

NYSE KD opened at $30.20 on Monday. Kyndryl Holdings, Inc. has a 12-month low of $22.68 and a 12-month high of $44.20. The company has a fifty day simple moving average of $31.85 and a two-hundred day simple moving average of $35.02. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. The stock has a market cap of $6.98 billion, a P/E ratio of 24.96, a P/E/G ratio of 3.35 and a beta of 1.85.

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

Kyndryl Profile

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.