Truist Financial Corp Grows Position in Kyndryl Holdings, Inc. $KD

Truist Financial Corp increased its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 9.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,115 shares of the company’s stock after buying an additional 1,751 shares during the quarter. Truist Financial Corp’s holdings in Kyndryl were worth $886,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KD. Farther Finance Advisors LLC grew its stake in Kyndryl by 91.8% during the 1st quarter. Farther Finance Advisors LLC now owns 1,519 shares of the company’s stock worth $49,000 after buying an additional 727 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Kyndryl by 44.1% in the 1st quarter. GAMMA Investing LLC now owns 4,322 shares of the company’s stock valued at $136,000 after purchasing an additional 1,323 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Kyndryl in the 1st quarter valued at approximately $863,000. Fifth Third Bancorp raised its stake in shares of Kyndryl by 35.5% during the first quarter. Fifth Third Bancorp now owns 3,114 shares of the company’s stock worth $98,000 after purchasing an additional 815 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Kyndryl during the first quarter worth approximately $27,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Up 1.3%

Kyndryl stock opened at $28.03 on Tuesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. Kyndryl Holdings, Inc. has a 1-year low of $22.68 and a 1-year high of $44.20. The company has a market cap of $6.48 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 3.10 and a beta of 1.85. The stock’s 50 day moving average price is $30.84 and its 200 day moving average price is $34.84.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on KD. Zacks Research cut Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Oppenheimer upped their price target on Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th. Wall Street Zen cut Kyndryl from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Morgan Stanley began coverage on Kyndryl in a research note on Friday, September 26th. They set an “equal weight” rating and a $30.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Three 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 currently has an average rating of “Hold” and an average target price of $42.00.

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.