Kyndryl Holdings, Inc. $KD Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its stake in Kyndryl Holdings, Inc. by 19.5%, now holding 1,407,313 shares valued at approximately $42.75 million.
• Kyndryl reported a 0.37 EPS for the recent quarter, exceeding analyst estimates, with quarterly revenues of $3.74 billion, slightly below expectations.
• Analyst ratings for Kyndryl are mostly "Buy", with a consensus target price of $46.00 after Oppenheimer raised its price target from $47.00 to $55.00.

AQR Capital Management LLC decreased its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 19.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,407,313 shares of the company's stock after selling 340,349 shares during the quarter. AQR Capital Management LLC owned 0.60% of Kyndryl worth $42,754,000 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 KD. Opal Wealth Advisors LLC purchased a new stake in shares of Kyndryl during the 1st quarter worth approximately $27,000. True Wealth Design LLC grew its stake in Kyndryl by 150.6% in the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock valued at $30,000 after buying an additional 524 shares in the last quarter. Quarry LP bought a new position in shares of Kyndryl in the first quarter worth $28,000. Hollencrest Capital Management increased its holdings in shares of Kyndryl by 637.7% in the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock worth $28,000 after purchasing an additional 778 shares during the period. Finally, Virtus Advisers LLC bought a new position in shares of Kyndryl in the first quarter worth $31,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Oppenheimer boosted their target price on Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Three research 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 price target of $46.00.

Kyndryl Stock Down 2.0%

Shares of NYSE:KD traded down $0.68 during trading hours on Wednesday, hitting $32.44. The company's stock had a trading volume of 3,051,554 shares, compared to its average volume of 2,354,254. Kyndryl Holdings, Inc. has a 52 week low of $22.26 and a 52 week high of $44.20. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 3.62 and a beta of 1.89. The firm's fifty day moving average price is $35.24 and its 200 day moving average price is $35.62.

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. The firm had revenue of $3.74 billion for 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 quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. As a group, research analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

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.