AXQ Capital LP Reduces Stock Holdings in Kyndryl Holdings, Inc. $KD

AXQ Capital LP lowered its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 39.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,087 shares of the company’s stock after selling 3,915 shares during the quarter. AXQ Capital LP’s holdings in Kyndryl were worth $255,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KD. Quarry LP acquired a new stake in Kyndryl during the 1st quarter worth about $28,000. ST Germain D J Co. Inc. boosted its stake in shares of 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 buying an additional 384 shares during the last quarter. Compass Financial Services Inc purchased a new stake in shares of Kyndryl in the first quarter worth about $30,000. Virtus Advisers LLC acquired a new stake in Kyndryl during the first quarter worth about $31,000. Finally, SSA Swiss Advisors AG purchased a new position in Kyndryl during the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Price Performance

NYSE:KD opened at $24.39 on Tuesday. The stock has a 50 day moving average of $28.26 and a two-hundred day moving average of $33.97. Kyndryl Holdings, Inc. has a 12 month low of $23.28 and a 12 month high of $44.20. The firm has a market cap of $5.57 billion, a P/E ratio of 14.43 and a beta of 1.84. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.24.

Kyndryl (NYSE:KD) last released its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. Kyndryl had a return on equity of 25.76% and a net margin of 2.71%.The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter last year, the business posted $0.01 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. On average, analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KD has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Morgan Stanley began coverage on shares of Kyndryl in a research note on Friday, September 26th. They issued an “equal weight” rating and a $30.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Susquehanna set a $35.00 price objective on shares of Kyndryl in a report on Thursday, November 6th. Finally, Zacks Research upgraded shares of Kyndryl from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Kyndryl Company 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.