First Hawaiian Bank Buys New Position in Kyndryl Holdings, Inc. $KD

Key Points

• First Hawaiian Bank has purchased 29,389 shares of Kyndryl Holdings, valued at approximately $923,000, as per the latest SEC filing.
• Kyndryl's recent quarterly earnings showed an EPS of $0.37, surpassing estimates, although revenue came in slightly lower than expected at $3.74 billion.
• Analyst ratings for Kyndryl are primarily positive, with a consensus rating of "Buy" and an average price target of $46.00.

First Hawaiian Bank purchased a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 29,389 shares of the company's stock, valued at approximately $923,000.

Other institutional investors have also recently made changes to their positions in the company. MAI Capital Management boosted its stake in Kyndryl by 12.7% during the first quarter. MAI Capital Management now owns 2,641 shares of the company's stock worth $83,000 after buying an additional 297 shares during the last quarter. Intech Investment Management LLC boosted its stake in Kyndryl by 0.5% during the first quarter. Intech Investment Management LLC now owns 66,751 shares of the company's stock worth $2,096,000 after buying an additional 318 shares during the last quarter. Greenleaf Trust boosted its stake in Kyndryl by 5.3% during the first quarter. Greenleaf Trust now owns 9,008 shares of the company's stock worth $283,000 after buying an additional 450 shares during the last quarter. Xponance Inc. boosted its stake in Kyndryl by 1.9% during the first quarter. Xponance Inc. now owns 27,124 shares of the company's stock worth $852,000 after buying an additional 512 shares during the last quarter. Finally, Smithfield Trust Co boosted its stake in Kyndryl by 35.5% during the first quarter. Smithfield Trust Co now owns 1,953 shares of the company's stock worth $62,000 after buying an additional 512 shares during the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KD. Oppenheimer boosted their price objective on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Wall Street Zen downgraded Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $46.00.

Kyndryl Stock Down 0.3%

Shares of NYSE:KD traded down $0.10 on Thursday, hitting $31.70. 440,097 shares of the company's stock were exchanged, compared to its average volume of 2,332,047. The firm's 50-day moving average is $33.93 and its 200 day moving average is $35.40. The company has a market capitalization of $7.33 billion, a PE ratio of 26.24, a P/E/G ratio of 3.49 and a beta of 1.89. Kyndryl Holdings, Inc. has a 1-year low of $22.26 and a 1-year high of $44.20. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05.

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

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.