Kyndryl Holdings, Inc. $KD Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Kyndryl Holdings, Inc. by 64.6% in the first quarter, owning approximately 0.26% of the company valued at $19.25 million.
• Other institutional investors, including Deutsche Bank AG and Northern Trust Corp, also significantly boosted their stakes, with institutional investors owning 71.53% of the stock overall.
• Kyndryl reported an earnings per share (EPS) of $0.37 for the last quarter, surpassing analyst expectations, although quarterly revenue was slightly below forecasts at $3.74 billion.

American Century Companies Inc. lifted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 64.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 613,246 shares of the company's stock after acquiring an additional 240,604 shares during the quarter. American Century Companies Inc. owned approximately 0.26% of Kyndryl worth $19,256,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Fox Run Management L.L.C. increased its position in shares of Kyndryl by 192.3% during the first quarter. Fox Run Management L.L.C. now owns 17,140 shares of the company's stock worth $538,000 after acquiring an additional 11,277 shares during the period. Cookson Peirce & Co. Inc. purchased a new position in Kyndryl during the 1st quarter valued at about $8,319,000. Ground Swell Capital LLC bought a new stake in shares of Kyndryl in the 1st quarter valued at about $244,000. HighTower Advisors LLC raised its holdings in shares of Kyndryl by 13.4% in the 1st quarter. HighTower Advisors LLC now owns 35,269 shares of the company's stock valued at $1,107,000 after purchasing an additional 4,160 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Kyndryl in the 1st quarter valued at about $30,466,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Stock Down 0.0%

Shares of Kyndryl stock traded down $0.02 on Thursday, reaching $31.52. The stock had a trading volume of 791,147 shares, compared to its average volume of 2,355,924. The company has a 50 day moving average price of $36.81 and a 200 day moving average price of $36.19. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 1 year low of $22.26 and a 1 year high of $44.20. The stock has a market capitalization of $7.28 billion, a P/E ratio of 26.02, a P/E/G ratio of 3.42 and a beta of 1.91.

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

Insider Buying and Selling

In related news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $39.14, for a total value of $1,035,292.14. Following the completion of the sale, the senior vice president directly owned 73,278 shares in the company, valued at $2,868,100.92. This trade represents a 26.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on KD. Oppenheimer boosted their price target on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Wall Street Zen lowered shares of 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, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $46.00.

Kyndryl Company 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.