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

A number of other institutional investors and hedge funds have also modified their holdings of KD. Nuveen LLC bought a new stake in shares of Kyndryl in the 1st quarter worth $30,466,000. GMT Capital Corp lifted its holdings in Kyndryl by 24.2% in the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company's stock worth $115,924,000 after purchasing an additional 718,300 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Kyndryl by 444.1% in the first quarter. MetLife Investment Management LLC now owns 711,965 shares of the company's stock worth $22,356,000 after buying an additional 581,118 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Kyndryl by 362.6% in the fourth quarter. Tidal Investments LLC now owns 473,050 shares of the company's stock worth $16,368,000 after buying an additional 370,780 shares in the last quarter. Finally, Cinctive Capital Management LP lifted its position in shares of Kyndryl by 65.9% in the first quarter. Cinctive Capital Management LP now owns 786,112 shares of the company's stock worth $24,684,000 after buying an additional 312,326 shares in the last quarter. Institutional investors own 71.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KD. Wall Street Zen downgraded Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Oppenheimer upped their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kyndryl currently has a consensus rating of "Buy" and a consensus price target of $46.00.

Kyndryl Price Performance

Shares of NYSE:KD traded down $0.55 during trading on Tuesday, reaching $31.45. 586,622 shares of the company's stock traded hands, compared to its average volume of 2,338,546. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $44.20. The firm has a market cap of $7.27 billion, a PE ratio of 25.99, a P/E/G ratio of 3.49 and a beta of 1.89. The company has a 50-day simple moving average of $34.38 and a 200-day simple moving average of $35.45.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings data 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. 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 period in the previous year, the firm posted $0.13 EPS. Kyndryl's revenue was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. As a group, analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current 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.