Magnetar Financial LLC Acquires New Holdings in Kyndryl Holdings, Inc. $KD

Key Points

• Magnetar Financial LLC has acquired 30,023 shares of Kyndryl Holdings, valued at approximately $943,000, during the first quarter.
• Insider Vineet Khurana sold 26,451 shares at $39.14 each, reducing his position by 26.52% to 73,278 shares valued at nearly $2.87 million.
• Analysts remain positive on Kyndryl, with an average rating of "Buy" and a price target raised to $55.00 by Oppenheimer.

Magnetar Financial LLC bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,023 shares of the company's stock, valued at approximately $943,000.

Several other institutional investors have also recently added to or reduced their stakes in KD. Opal Wealth Advisors LLC acquired a new stake in shares of Kyndryl during the 1st quarter worth approximately $27,000. True Wealth Design LLC grew its holdings in Kyndryl by 150.6% in the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after purchasing an additional 524 shares during the period. Hollencrest Capital Management increased its stake in Kyndryl by 637.7% in the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after purchasing an additional 778 shares in the last quarter. Virtus Advisers LLC acquired a new position in shares of Kyndryl during the first quarter valued at about $31,000. Finally, SSA Swiss Advisors AG acquired a new position in shares of Kyndryl during the first quarter valued at about $32,000. 71.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KD. Oppenheimer boosted their target price on 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 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 MarketBeat, the company presently has an average rating of "Buy" and an average price target of $46.00.

Kyndryl Stock Down 0.2%

Shares of KD stock traded down $0.06 on Thursday, hitting $31.95. The stock had a trading volume of 1,157,815 shares, compared to its average volume of 2,347,822. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day moving average of $35.97 and a 200 day moving average of $35.87. Kyndryl Holdings, Inc. has a 12-month low of $22.26 and a 12-month high of $44.20. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 3.47 and a beta of 1.89.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.37 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 company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the business posted $0.13 earnings per share. Kyndryl's revenue was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. As a group, analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

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.