Arnhold LLC Has $26.56 Million Holdings in Kyndryl Holdings, Inc. $KD

Key Points

• Arnhold LLC has reduced its holdings in Kyndryl Holdings, Inc. by 4.7% in the first quarter, now owning 845,815 shares worth approximately $26.56 million, making it the firm's 6th largest position.
• Kyndryl's stock opened at $30.40 with a market cap of $7.03 billion, and it has a P/E ratio of 25.13 and a 52-week trading range between $22.26 and $44.20.
• Recent earnings showed Kyndryl reporting $0.37 EPS, beating estimates slightly, while the company's revenue of $3.74 billion fell short of analysts' expectations of $3.83 billion.

Arnhold LLC cut its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 4.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 845,815 shares of the company's stock after selling 41,548 shares during the quarter. Kyndryl makes up 2.7% of Arnhold LLC's portfolio, making the stock its 6th largest position. Arnhold LLC owned 0.36% of Kyndryl worth $26,559,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Kyndryl by 87.3% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 14,113 shares of the company's stock worth $444,000 after purchasing an additional 6,580 shares during the period. Hsbc Holdings PLC grew its position in shares of Kyndryl by 29.0% in the first quarter. Hsbc Holdings PLC now owns 38,094 shares of the company's stock valued at $1,190,000 after purchasing an additional 8,559 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Kyndryl by 10.6% during the first quarter. Raymond James Financial Inc. now owns 363,043 shares of the company's stock worth $11,400,000 after buying an additional 34,735 shares in the last quarter. American Century Companies Inc. increased its position in shares of Kyndryl by 64.6% in the first quarter. American Century Companies Inc. now owns 613,246 shares of the company's stock worth $19,256,000 after purchasing an additional 240,604 shares during the period. Finally, Fox Run Management L.L.C. increased its stake in Kyndryl by 192.3% in the first quarter. Fox Run Management L.L.C. now owns 17,140 shares of the company's stock valued at $538,000 after acquiring an additional 11,277 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

Kyndryl Stock Up 0.9%

NYSE:KD traded up $0.28 during mid-day trading on Wednesday, hitting $31.55. 842,134 shares of the company's stock were exchanged, compared to its average volume of 2,356,861. Kyndryl Holdings, Inc. has a one year low of $22.26 and a one year high of $44.20. The business has a fifty day moving average price of $36.98 and a 200 day moving average price of $36.22. The company has a market cap of $7.29 billion, a PE ratio of 26.06, a P/E/G ratio of 3.40 and a beta of 1.91. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Insider Transactions at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction 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 sale, the senior vice president directly owned 73,278 shares in the company, valued at approximately $2,868,100.92. The trade was a 26.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KD. Oppenheimer increased their price objective on Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a report 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company 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.