Franklin Resources Inc. Purchases 29,588 Shares of Kyndryl Holdings, Inc. $KD

Franklin Resources Inc. raised its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 30.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,613 shares of the company’s stock after acquiring an additional 29,588 shares during the period. Franklin Resources Inc. owned approximately 0.05% of Kyndryl worth $5,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Magnetar Financial LLC bought a new position in Kyndryl in the 1st quarter worth approximately $943,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Kyndryl in the first quarter worth $605,000. Raymond James Financial Inc. increased its position in Kyndryl by 10.6% during the first quarter. Raymond James Financial Inc. now owns 363,043 shares of the company’s stock worth $11,400,000 after acquiring an additional 34,735 shares during the period. Hsbc Holdings PLC increased its position in Kyndryl by 29.0% during the first quarter. Hsbc Holdings PLC now owns 38,094 shares of the company’s stock worth $1,190,000 after acquiring an additional 8,559 shares during the period. Finally, Voya Investment Management LLC raised its stake in Kyndryl by 56.2% during the 1st quarter. Voya Investment Management LLC now owns 71,664 shares of the company’s stock valued at $2,250,000 after purchasing an additional 25,784 shares during the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Stock Up 0.1%

NYSE KD opened at $25.86 on Tuesday. Kyndryl Holdings, Inc. has a 1-year low of $23.28 and a 1-year high of $44.20. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.24. The stock’s 50 day moving average is $27.65 and its two-hundred day moving average is $33.47. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 15.30 and a beta of 1.85.

Kyndryl (NYSE:KD) last posted its earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter last year, the company earned $0.01 EPS. Kyndryl’s revenue was down 1.4% on a year-over-year basis. 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 fiscal year.

Wall Street Analysts Forecast Growth

KD has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Zacks Research upgraded Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. reduced their price objective on Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Guggenheim raised Kyndryl to a “strong-buy” rating in a report on Wednesday, November 26th. Finally, Susquehanna set a $35.00 target price on Kyndryl in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Kyndryl currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.