29,389 Shares in Kyndryl Holdings, Inc. $KD Purchased by First Hawaiian Bank

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 stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,389 shares of the company's stock, valued at approximately $923,000.

Other hedge funds have also modified their holdings of the company. Magnetar Financial LLC purchased a new stake in shares of Kyndryl during the first quarter valued at about $943,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Kyndryl during the first quarter valued at about $605,000. Raymond James Financial Inc. lifted its position in shares of Kyndryl by 10.6% during the first quarter. Raymond James Financial Inc. now owns 363,043 shares of the company's stock valued at $11,400,000 after buying an additional 34,735 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Kyndryl by 29.0% during the first quarter. Hsbc Holdings PLC now owns 38,094 shares of the company's stock valued at $1,190,000 after buying an additional 8,559 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Kyndryl by 44.1% during the first quarter. GAMMA Investing LLC now owns 4,322 shares of the company's stock valued at $136,000 after buying an additional 1,323 shares during the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Stock Performance

Shares of Kyndryl stock opened at $31.96 on Friday. The firm has a market capitalization of $7.39 billion, a P/E ratio of 26.41, a PEG ratio of 3.58 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. The company has a 50 day moving average price of $34.60 and a 200 day moving average price of $35.51. Kyndryl Holdings, Inc. has a 52 week low of $22.26 and a 52 week high of $44.20.

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

Analyst Ratings Changes

Several research firms have commented on KD. Oppenheimer increased their price target on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Wall Street Zen lowered shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $46.00.

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.

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