Kyndryl Holdings, Inc. $KD Holdings Raised 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. grew its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 64.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 613,246 shares of the company's stock after buying an additional 240,604 shares during the quarter. American Century Companies Inc. owned 0.26% of Kyndryl worth $19,256,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Greenleaf Trust increased its position in Kyndryl by 5.3% during the 1st quarter. Greenleaf Trust now owns 9,008 shares of the company's stock worth $283,000 after purchasing an additional 450 shares in the last quarter. Xponance Inc. increased its position in Kyndryl by 1.9% during the 1st quarter. Xponance Inc. now owns 27,124 shares of the company's stock worth $852,000 after purchasing an additional 512 shares in the last quarter. Smithfield Trust Co increased its position in Kyndryl by 35.5% during the 1st quarter. Smithfield Trust Co now owns 1,953 shares of the company's stock worth $62,000 after purchasing an additional 512 shares in the last quarter. True Wealth Design LLC increased its position in Kyndryl by 150.6% during the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after purchasing an additional 524 shares in the last quarter. Finally, Private Trust Co. NA increased its position in Kyndryl by 107.9% during the 1st quarter. Private Trust Co. NA now owns 1,021 shares of the company's stock worth $32,000 after purchasing an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

KD has been the topic of a number of research analyst reports. Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Oppenheimer raised their price target on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Kyndryl presently has an average rating of "Buy" and a consensus price target of $46.00.

Kyndryl Stock Up 0.9%

Shares of KD traded up $0.29 during trading on Friday, reaching $31.80. The company's stock had a trading volume of 1,723,127 shares, compared to its average volume of 3,859,277. The company has a fifty day moving average of $36.50 and a two-hundred day moving average of $36.07. Kyndryl Holdings, Inc. has a twelve month low of $22.26 and a twelve month high of $44.20. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 3.44 and a beta of 1.91. 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 (NYSE:KD - Get Free Report) last announced its 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. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period in the prior year, the company posted $0.13 EPS. Kyndryl's quarterly revenue was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

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.