Kyndryl Holdings, Inc. $KD Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 36.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 838,277 shares of the company’s stock after acquiring an additional 225,031 shares during the quarter. American Century Companies Inc. owned approximately 0.36% of Kyndryl worth $35,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KD. Geode Capital Management LLC boosted its stake in shares of Kyndryl by 5.0% during the second quarter. Geode Capital Management LLC now owns 4,277,559 shares of the company’s stock valued at $179,515,000 after acquiring an additional 203,986 shares during the last quarter. GMT Capital Corp lifted its holdings in Kyndryl by 24.2% in the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock valued at $115,924,000 after purchasing an additional 718,300 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in Kyndryl by 5.4% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,265,000 shares of the company’s stock valued at $39,721,000 after purchasing an additional 65,000 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Kyndryl during the 1st quarter worth about $30,466,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Kyndryl by 25.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 879,404 shares of the company’s stock worth $36,900,000 after buying an additional 179,743 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Stock Up 1.5%

Shares of NYSE:KD opened at $25.83 on Friday. The stock has a 50-day simple moving average of $27.77 and a 200-day simple moving average of $33.63. The stock has a market capitalization of $5.90 billion, a P/E ratio of 15.28 and a beta of 1.84. Kyndryl Holdings, Inc. has a 1 year low of $23.28 and a 1 year high of $44.20. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.02 and a current ratio of 1.02.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Susquehanna set a $35.00 price target on Kyndryl in a report on Thursday, November 6th. Morgan Stanley initiated coverage on Kyndryl in a research note on Friday, September 26th. They set an “equal weight” rating and a $30.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Finally, Zacks Research raised Kyndryl from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.00.

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.