HB Wealth Management LLC Invests $224,000 in Kyndryl Holdings, Inc. $KD

HB Wealth Management LLC acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,350 shares of the company’s stock, valued at approximately $224,000.

A number of other large investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in Kyndryl by 6.2% in the second quarter. GAMMA Investing LLC now owns 4,590 shares of the company’s stock worth $193,000 after purchasing an additional 268 shares during the period. MAI Capital Management grew its holdings in Kyndryl by 12.7% in the first quarter. MAI Capital Management now owns 2,641 shares of the company’s stock worth $83,000 after purchasing an additional 297 shares during the period. Intech Investment Management LLC grew its holdings in Kyndryl by 0.5% in the first quarter. Intech Investment Management LLC now owns 66,751 shares of the company’s stock worth $2,096,000 after purchasing an additional 318 shares during the period. Sky Investment Group LLC grew its holdings in Kyndryl by 0.4% in the second quarter. Sky Investment Group LLC now owns 103,720 shares of the company’s stock worth $4,352,000 after purchasing an additional 370 shares during the period. Finally, ST Germain D J Co. Inc. grew its holdings in Kyndryl by 135.2% in the second 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. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Down 2.3%

KD opened at $29.92 on Wednesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50-day moving average is $31.50 and its 200 day moving average is $34.96. Kyndryl Holdings, Inc. has a fifty-two week low of $22.68 and a fifty-two week high of $44.20. The firm has a market capitalization of $6.92 billion, a P/E ratio of 24.73, a PEG ratio of 3.43 and a beta of 1.85.

Kyndryl (NYSE:KD) last released its quarterly earnings results 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 net margin of 1.97% and a return on equity of 19.88%. 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 firm earned $0.13 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. Research analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KD has been the subject of a number of research reports. Zacks Research cut shares of Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a report on Saturday, September 27th. Wall Street Zen cut shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Morgan Stanley started coverage on shares of Kyndryl in a report on Friday, September 26th. They set an “equal weight” rating and a $30.00 price objective for the company. Finally, Oppenheimer lifted their price objective on shares of Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. 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 stock. According to data from MarketBeat, Kyndryl currently has an average rating of “Hold” and a consensus price target of $42.00.

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.