Cwm LLC Sells 9,923 Shares of Kyndryl Holdings, Inc. $KD

Key Points

• Cwm LLC has reduced its stake in Kyndryl Holdings, Inc. by 26.3%, selling 9,923 shares, and now holds 27,818 shares valued at approximately $1,167,000.
• Kyndryl's recent earnings report showed a net margin of 1.97% and earnings per share of $0.37, which exceeded analysts' expectations.
• Currently, Kyndryl has a consensus analyst rating of "Hold" with a price target of $42.00, while institutional investors own approximately 71.53% of the stock.

Cwm LLC reduced its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 26.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,818 shares of the company's stock after selling 9,923 shares during the period. Cwm LLC's holdings in Kyndryl were worth $1,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KD. Nuveen LLC purchased a new position in shares of Kyndryl in the 1st quarter worth $30,466,000. GMT Capital Corp grew its stake in shares of 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 buying an additional 718,300 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Kyndryl by 444.1% in the 1st 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. Cinctive Capital Management LP grew its stake in shares of Kyndryl by 65.9% in the 1st 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. Finally, Jag Capital Management LLC grew its stake in shares of Kyndryl by 3,273.7% in the 1st quarter. Jag Capital Management LLC now owns 285,450 shares of the company's stock worth $8,963,000 after buying an additional 276,989 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Stock Up 2.5%

NYSE:KD opened at $28.64 on Wednesday. The company's 50 day moving average is $30.62 and its two-hundred day moving average is $34.67. The company has a market cap of $6.62 billion, a PE ratio of 23.67, a P/E/G ratio of 3.13 and a beta of 1.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a twelve month low of $22.68 and a twelve month high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last posted its earnings results 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. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The firm had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.83 billion. During the same period in the previous year, the business posted $0.13 EPS. The business's revenue was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. Analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

KD has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Oppenheimer lifted their price target on shares of Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kyndryl in a research note on Wednesday, October 8th. Zacks Research lowered shares of Kyndryl from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th. Finally, Morgan Stanley started coverage on shares of Kyndryl in a report on Friday, September 26th. They issued an "equal weight" rating and a $30.00 price target for the company. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kyndryl presently has a consensus rating of "Hold" and a consensus price target of $42.00.

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.

Want to see what other hedge funds are holding KD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kyndryl Holdings, Inc. (NYSE:KD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.