Ballentine Partners LLC Takes Position in Kyndryl Holdings, Inc. $KD

Key Points

• Ballentine Partners LLC has acquired a new position in Kyndryl Holdings, purchasing 12,030 shares valued at approximately $505,000.
• Several institutional investors are increasing their stakes in Kyndryl, with Hsbc Holdings PLC boosting their holdings by 29.0% and Voya Investment Management LLC by 56.2% in the first quarter.
• Wall Street analysts have varied opinions on Kyndryl, with price targets ranging from $30.00 to $55.00, while the stock currently holds an average rating of "Moderate Buy."

Ballentine Partners LLC bought a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,030 shares of the company's stock, valued at approximately $505,000.

A number of other institutional investors have also recently bought and sold shares of the business. Magnetar Financial LLC bought a new position in shares of Kyndryl during the 1st quarter worth about $943,000. Landscape Capital Management L.L.C. acquired a new position in Kyndryl in the first quarter worth about $605,000. Raymond James Financial Inc. lifted its stake in 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 purchasing an additional 34,735 shares during the period. Hsbc Holdings PLC boosted its holdings in Kyndryl by 29.0% during 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 in the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Kyndryl by 56.2% in the 1st quarter. Voya Investment Management LLC now owns 71,664 shares of the company's stock valued at $2,250,000 after purchasing an additional 25,784 shares during the period. Institutional investors and hedge funds own 71.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley initiated coverage on Kyndryl in a research report on Friday. They set an "equal weight" rating and a $30.00 target price for the company. Oppenheimer lifted 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. Finally, 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 and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $42.00.

Kyndryl Trading Down 3.7%

Shares of KD opened at $29.48 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 3.37 and a beta of 1.89. The stock has a fifty day moving average price of $32.73 and a two-hundred day moving average price of $35.17. Kyndryl Holdings, Inc. has a 52-week low of $22.26 and a 52-week high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $3.83 billion. During the same quarter in the prior year, the business earned $0.13 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. 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.

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