Kyndryl Holdings, Inc. $KD Shares Acquired by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. has increased its stake in Kyndryl Holdings, Inc. by 5.4%, acquiring an additional 65,000 shares, bringing its total ownership to approximately 1.265 million shares valued at $39.7 million.
• During its most recent earnings report, Kyndryl posted an earnings per share (EPS) of $0.37, exceeding expectations, while its revenue of $3.74 billion fell slightly short of analyst forecasts.
• Analysts have revised Kyndryl's stock rating, with Oppenheimer raising the price target from $47.00 to $55.00, reflecting a generally optimistic outlook with an average consensus target price of $46.00.

Adage Capital Partners GP L.L.C. boosted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,265,000 shares of the company's stock after acquiring an additional 65,000 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.54% of Kyndryl worth $39,721,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Kyndryl during the 1st quarter worth $27,000. True Wealth Design LLC grew its holdings in Kyndryl by 150.6% during 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. Quarry LP bought a new stake in shares of Kyndryl during the first quarter worth approximately $28,000. Hollencrest Capital Management boosted its holdings in shares of Kyndryl by 637.7% during the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock worth $28,000 after acquiring an additional 778 shares during the period. Finally, Virtus Advisers LLC bought a new stake in shares of Kyndryl in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Trading Up 1.2%

Shares of NYSE KD traded up $0.41 during midday trading on Monday, hitting $33.17. 2,020,719 shares of the company traded hands, compared to its average volume of 2,350,024. The stock has a 50-day moving average price of $35.59 and a 200 day moving average price of $35.67. The firm has a market cap of $7.67 billion, a P/E ratio of 27.41, a P/E/G ratio of 3.58 and a beta of 1.89. Kyndryl Holdings, Inc. has a 12-month low of $22.26 and a 12-month 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 announced its 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. The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The firm's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. As a group, analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Oppenheimer upped their price target on shares of Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $46.00.

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.