Caxton Associates LLP Acquires New Position in Kyndryl Holdings, Inc. $KD

Key Points

• Caxton Associates LLP has acquired a new position in Kyndryl Holdings, Inc., purchasing 33,462 shares valued at approximately $1.05 million.
• Analysts have shown optimism about Kyndryl, with Oppenheimer raising its price target from $47 to $55 and maintaining an "outperform" rating.
• Kyndryl's recent quarterly earnings surpassed expectations with an EPS of $0.37, slightly above the consensus estimate of $0.36.

Caxton Associates LLP purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 33,462 shares of the company's stock, valued at approximately $1,051,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GMT Capital Corp increased its stake in shares of Kyndryl by 24.2% during the first quarter. GMT Capital Corp now owns 3,691,860 shares of the company's stock worth $115,924,000 after acquiring an additional 718,300 shares during the period. Cortland Associates Inc. MO lifted its holdings in Kyndryl by 0.4% in the 1st quarter. Cortland Associates Inc. MO now owns 2,131,738 shares of the company's stock valued at $66,937,000 after purchasing an additional 8,017 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Kyndryl by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,883,002 shares of the company's stock worth $59,126,000 after acquiring an additional 31,644 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in Kyndryl by 5.4% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,265,000 shares of the company's stock valued at $39,721,000 after buying an additional 65,000 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in Kyndryl by 7.7% during the fourth quarter. Nuveen Asset Management LLC now owns 1,001,131 shares of the company's stock worth $34,639,000 after purchasing an additional 71,351 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Price Performance

KD stock traded down $0.78 during midday trading on Friday, reaching $31.96. 1,888,681 shares of the company's stock traded hands, compared to its average volume of 2,246,117. Kyndryl Holdings, Inc. has a 1-year low of $22.26 and a 1-year high of $44.20. The company has a 50-day simple moving average of $34.60 and a two-hundred day simple moving average of $35.51. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.58 and a beta of 1.89.

Kyndryl (NYSE:KD - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.83 billion. During the same quarter in the previous year, the company posted $0.13 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. On average, analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on KD. 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 raised their target price on Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $46.00.

Kyndryl 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.