Bayforest Capital Ltd bought a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,389 shares of the company's stock, valued at approximately $326,000.
Several other hedge funds have also recently modified their holdings of KD. Opal Wealth Advisors LLC purchased a new stake in Kyndryl during the first quarter valued at approximately $27,000. Hollencrest Capital Management increased its position in Kyndryl by 637.7% during the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after purchasing an additional 778 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Kyndryl during the 4th quarter valued at about $30,000. True Wealth Design LLC increased its position in Kyndryl by 150.6% during the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock valued at $30,000 after purchasing an additional 524 shares during the period. Finally, Private Trust Co. NA increased its holdings in Kyndryl by 107.9% during the first quarter. Private Trust Co. NA now owns 1,021 shares of the company's stock valued at $32,000 after buying an additional 530 shares during the period. Hedge funds and other institutional investors own 71.53% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on KD. Oppenheimer lifted their price target 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 lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Susquehanna lowered their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd.
Get Our Latest Research Report on KD
Insider Activity at Kyndryl
In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the transaction, the senior vice president owned 73,278 shares of the company's stock, valued at $2,868,100.92. This trade represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by corporate insiders.
Kyndryl Price Performance
Shares of NYSE:KD traded down $7.20 during midday trading on Tuesday, reaching $29.50. 11,512,910 shares of the company's stock traded hands, compared to its average volume of 2,209,281. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $6.83 billion, a P/E ratio of 28.57, a PEG ratio of 3.95 and a beta of 1.91. Kyndryl Holdings, Inc. has a 1 year low of $21.64 and a 1 year high of $44.20. The company has a fifty day simple moving average of $40.04 and a two-hundred day simple moving average of $37.23.
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, beating the consensus estimate 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 return on equity of 15.97% and a net margin of 1.67%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. Equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.
About Kyndryl
(
Free Report)
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.
Featured Stories
Before you consider Kyndryl, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kyndryl wasn't on the list.
While Kyndryl currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
