Allspring Global Investments Holdings LLC Trims Position in Kyndryl Holdings, Inc. $KD

Key Points

• Allspring Global Investments Holdings LLC has decreased its stake in Kyndryl Holdings by 8.5%, selling 184,493 shares during the second quarter, resulting in ownership of approximately 1,990,496 shares.
• Kyndryl's latest earnings report showed an EPS of $0.37, slightly exceeding analysts' expectations, though revenue was below forecast at $3.74 billion.
• Multiple analysts have issued conflicting ratings on Kyndryl, with Zacks Research downgrading it to a "strong sell," while Oppenheimer raised its target price from $47.00 to $55.00.

Allspring Global Investments Holdings LLC lowered its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,990,496 shares of the company's stock after selling 184,493 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.86% of Kyndryl worth $83,521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. grew its stake in shares of Kyndryl by 135.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company's stock valued at $28,000 after purchasing an additional 384 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Kyndryl during the first quarter worth approximately $27,000. Quarry LP acquired a new stake in shares of Kyndryl during the first quarter worth $28,000. Hollencrest Capital Management grew its position in Kyndryl by 637.7% in the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after buying an additional 778 shares during the last quarter. Finally, Compass Financial Services Inc acquired a new position in Kyndryl in the 1st quarter valued at $30,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Trading Up 1.3%

Shares of KD opened at $28.03 on Tuesday. Kyndryl Holdings, Inc. has a twelve month low of $22.68 and a twelve month high of $44.20. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $6.48 billion, a P/E ratio of 23.16, a PEG ratio of 3.10 and a beta of 1.85. The firm's 50-day moving average is $30.84 and its two-hundred day moving average is $34.84.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. On average, research analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KD has been the subject of several recent analyst reports. Zacks Research cut shares of Kyndryl from a "hold" rating to a "strong sell" rating in a research note on Monday, September 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Kyndryl in a report on Wednesday, October 8th. Morgan Stanley began coverage on Kyndryl in a report on Friday, September 26th. They issued an "equal weight" rating and a $30.00 price objective on the stock. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Oppenheimer increased 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 equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kyndryl currently has an average rating of "Hold" and an average price target of $42.00.

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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