Caxton Associates LLP Takes $1.05 Million 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) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 33,462 shares of the company's stock, valued at approximately $1,051,000.

Other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Kyndryl during the 1st quarter worth about $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 worth $28,000 after buying an additional 778 shares during the period. Quarry LP bought a new position in Kyndryl during the 1st quarter worth $28,000. True Wealth Design LLC boosted its stake in Kyndryl by 150.6% in the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock valued at $30,000 after buying an additional 524 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in Kyndryl in the first quarter valued at about $31,000. 71.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently 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 lifted 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 MarketBeat, Kyndryl currently has an average rating of "Buy" and a consensus target price of $46.00.

Kyndryl Price Performance

NYSE KD traded down $0.49 during trading on Tuesday, reaching $31.51. The company's stock had a trading volume of 463,532 shares, compared to its average volume of 2,337,441. The stock has a market capitalization of $7.28 billion, a PE ratio of 26.05, a P/E/G ratio of 3.49 and a beta of 1.89. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. Kyndryl Holdings, Inc. has a one year low of $22.26 and a one year high of $44.20. The firm has a fifty day moving average of $34.38 and a 200 day moving average of $35.45.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share 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 prior year, the firm earned $0.13 earnings per share. The firm's revenue for the quarter was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. Analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

About Kyndryl

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.