Phocas Financial Corp. Sells 71,489 Shares of Kyndryl Holdings, Inc. $KD

Phocas Financial Corp. reduced its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 33.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,023 shares of the company’s stock after selling 71,489 shares during the quarter. Phocas Financial Corp. owned about 0.06% of Kyndryl worth $3,746,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Kyndryl by 192.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company’s stock worth $35,000 after purchasing an additional 770 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Kyndryl by 4,475.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,464 shares of the company’s stock valued at $39,000 after purchasing an additional 1,432 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Kyndryl in the 3rd quarter valued at $40,000. Quent Capital LLC acquired a new stake in shares of Kyndryl during the third quarter worth $42,000. Finally, True Wealth Design LLC increased its position in shares of Kyndryl by 103.0% during the third quarter. True Wealth Design LLC now owns 1,547 shares of the company’s stock worth $46,000 after buying an additional 785 shares during the period. 71.53% of the stock is currently owned by institutional investors.

Kyndryl News Summary

Here are the key news stories impacting Kyndryl this week:

• Positive Sentiment: Kyndryl launched “Agentic Service Management,” a new AI‑native service offering intended to help customers automate IT service workflows and position Kyndryl for growth in AI infrastructure services. This product push supports long‑term revenue/market‑share narratives around enterprise AI. Kyndryl launches Agentic Service Management to power AI-native infrastructure services and intelligent workflows
• Positive Sentiment: Coverage notes a new Texas public‑sector IT modernization contract that could materially strengthen Kyndryl’s revenue outlook in government IT services, supporting the bull case if similar wins continue. The Bull Case For Kyndryl Holdings (KD) Could Change Following New Texas Public-Sector IT Modernization Contract
• Positive Sentiment: CEO commentary (247WallStreet) frames enterprise AI demand as a major long‑term opportunity for Kyndryl, which may reassure growth‑focused investors despite near‑term headwinds. Kyndryl CEO: Enterprise AI is a bullet train on 30-mph tracks
• Neutral Sentiment: Opinion pieces and sell‑side commentary (e.g., MSN piece listing reasons to sell KD) are circulating and may amplify volatility, but they mostly repurpose public facts rather than introducing new company disclosures. 3 reasons to sell KD and 1 stock to buy instead
• Negative Sentiment: Multiple plaintiffs’ firms have filed or expanded securities‑class‑action complaints alleging misstatements (including new allegations about free‑cash‑flow reporting) and are soliciting lead‑plaintiff motions ahead of an April 13 deadline — a concentrated legal wave that increases settlement/defense cost risk and creates immediate selling pressure. Kyndryl (KD) Faces Expanded Class Action; Investors See April 13 Deadline – Hagens Berman
• Negative Sentiment: Additional high‑profile law firms (Rosen, Glancy, Kirby McInerney, Pomerantz, others) have issued reminders and solicitations — reinforcing the perception of broad litigation exposure and keeping near‑term downside risk elevated. KD Investors Have Opportunity to Lead Kyndryl Holdings, Inc. Securities Fraud Lawsuit Filed by The Rosen Law Firm

Kyndryl Stock Down 0.1%

Shares of NYSE KD opened at $13.22 on Monday. The firm has a market cap of $2.98 billion, a PE ratio of 12.59 and a beta of 1.83. Kyndryl Holdings, Inc. has a 12-month low of $10.10 and a 12-month high of $44.20. The company’s fifty day simple moving average is $14.66 and its 200 day simple moving average is $22.84. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.75.

Kyndryl (NYSE:KD) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.08). Kyndryl had a net margin of 1.65% and a return on equity of 25.91%. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

KD has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Kyndryl from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Morgan Stanley decreased their price target on Kyndryl from $28.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, March 24th. Weiss Ratings downgraded Kyndryl from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 18th. Scotiabank initiated coverage on Kyndryl in a research report on Tuesday, January 27th. They set an “outperform” rating on the stock. Finally, Guggenheim cut Kyndryl from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Kyndryl has a consensus rating of “Reduce” and a consensus price target of $25.60.

Kyndryl Profile

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.