Dynamic Technology Lab Private Ltd Buys Shares of 26,816 Kyndryl Holdings, Inc. $KD

Key Points

• Dynamic Technology Lab Private Ltd acquired 26,816 shares of Kyndryl Holdings, Inc., valued at approximately $842,000, during the first quarter of the year.
• Kyndryl reported earnings per share of $0.37 for the recent quarter, exceeding estimates of $0.36, but its revenue of $3.74 billion fell short of expectations.
• Research analysts have assigned Kyndryl an average rating of "Buy" with a consensus target price of $46.00, while Oppenheimer increased their price target from $47.00 to $55.00.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,816 shares of the company's stock, valued at approximately $842,000.

Several other large investors have also bought and sold shares of KD. Deutsche Bank AG lifted its stake in Kyndryl by 95.9% during the 4th quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock valued at $74,287,000 after acquiring an additional 1,050,856 shares in the last quarter. Nuveen LLC bought a new stake in shares of Kyndryl during the 1st quarter worth $30,466,000. GMT Capital Corp raised its stake in shares of Kyndryl by 24.2% during the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company's stock worth $115,924,000 after purchasing an additional 718,300 shares during the period. MetLife Investment Management LLC raised its stake in shares of Kyndryl by 444.1% during the 1st quarter. MetLife Investment Management LLC now owns 711,965 shares of the company's stock worth $22,356,000 after purchasing an additional 581,118 shares during the period. Finally, Tidal Investments LLC raised its stake in shares of Kyndryl by 362.6% during the 4th quarter. Tidal Investments LLC now owns 473,050 shares of the company's stock worth $16,368,000 after purchasing an additional 370,780 shares during the period. 71.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Oppenheimer lifted their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $46.00.

Kyndryl Stock Performance

Kyndryl stock traded down $0.78 during midday trading on Friday, reaching $31.96. The stock had a trading volume of 1,888,681 shares, compared to its average volume of 2,350,446. Kyndryl Holdings, Inc. has a 12 month low of $22.26 and a 12 month high of $44.20. The firm's 50-day moving average price is $34.83 and its 200 day moving average price is $35.56. The firm has a market capitalization of $7.39 billion, a PE ratio of 26.41, a P/E/G ratio of 3.54 and a beta of 1.89. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.83 billion. During the same period in the previous year, the business posted $0.13 EPS. The firm's quarterly revenue was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. As a group, research analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

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.