Ancora Advisors LLC Reduces Stake in Kyndryl Holdings, Inc. $KD

Key Points

• Ancora Advisors LLC decreased its stake in Kyndryl Holdings, Inc. by 28.3%, selling 144,480 shares and now holding 366,031 shares valued at approximately $11.5 million.
• Kyndryl's stock is currently valued at $31.13, down 2.1%, with a market capitalization of $7.20 billion and a debt-to-equity ratio of 2.24.
• Analysts have mixed sentiments on Kyndryl, with three recommending a Buy rating while Wall Street Zen downgraded it from a strong-buy to a buy rating.

Ancora Advisors LLC lowered its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 28.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 366,031 shares of the company's stock after selling 144,480 shares during the period. Ancora Advisors LLC owned about 0.16% of Kyndryl worth $11,493,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. GMT Capital Corp increased its position in Kyndryl by 24.2% during the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company's stock valued at $115,924,000 after purchasing an additional 718,300 shares during the period. Deutsche Bank AG lifted its position in Kyndryl by 95.9% during the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock valued at $74,287,000 after buying an additional 1,050,856 shares during the period. Cortland Associates Inc. MO lifted its position in Kyndryl by 0.4% during the first quarter. Cortland Associates Inc. MO now owns 2,131,738 shares of the company's stock valued at $66,937,000 after buying an additional 8,017 shares during the period. Northern Trust Corp lifted its position in Kyndryl by 13.5% during the fourth quarter. Northern Trust Corp now owns 2,092,390 shares of the company's stock valued at $72,397,000 after buying an additional 249,062 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Kyndryl by 1.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,071,263 shares of the company's stock valued at $71,666,000 after buying an additional 36,045 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KD has been the subject of several recent research reports. Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kyndryl presently has an average rating of "Buy" and an average target price of $46.00.

Kyndryl Stock Up 3.0%

Shares of KD stock traded up $0.95 during mid-day trading on Friday, hitting $32.72. The company's stock had a trading volume of 2,515,332 shares, compared to its average volume of 2,574,946. Kyndryl Holdings, Inc. has a 52-week low of $22.26 and a 52-week high of $44.20. The business has a 50-day moving average price of $35.59 and a 200 day moving average price of $35.70. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.58 and a beta of 1.89. 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 released its quarterly earnings data on Monday, August 4th. The company reported $0.37 EPS for the quarter, topping the consensus estimate 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 company earned $0.13 EPS. Kyndryl's revenue for the quarter was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. Research analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

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.