Bayforest Capital Ltd Purchases New Holdings in Kyndryl Holdings, Inc. $KD

Key Points

• Bayforest Capital Ltd has acquired a new stake in Kyndryl Holdings, purchasing 10,389 shares valued at approximately $326,000.
• Kyndryl's shares are currently down 2.0%, with a recent market price of $32.44 and a 52-week range of $22.26 to $44.20.
• The company recently reported earnings of $0.37 per share for the last quarter, slightly exceeding analysts' expectations, with a total revenue of $3.74 billion.

Bayforest Capital Ltd purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,389 shares of the company's stock, valued at approximately $326,000.

Several other institutional investors have also made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kyndryl by 1.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 733,068 shares of the company's stock valued at $23,018,000 after buying an additional 11,177 shares during the period. Caxton Associates LLP bought a new stake in shares of Kyndryl in the first quarter valued at approximately $1,051,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Kyndryl in the first quarter valued at approximately $842,000. Scientech Research LLC acquired a new position in Kyndryl during the first quarter valued at approximately $611,000. Finally, Integrated Wealth Concepts LLC raised its position in Kyndryl by 15.8% during the first quarter. Integrated Wealth Concepts LLC now owns 8,025 shares of the company's stock valued at $252,000 after purchasing an additional 1,093 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Stock Down 2.0%

Shares of NYSE:KD opened at $32.44 on Thursday. The company has a fifty day moving average of $35.04 and a 200-day moving average of $35.59. The company has a market capitalization of $7.50 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 3.62 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 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 quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $3.74 billion during 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 revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. On average, equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KD has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Oppenheimer boosted their price objective on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock 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.

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