Diversify Advisory Services LLC Lowers Stock Holdings in Kyndryl Holdings, Inc. $KD

Key Points

• Diversify Advisory Services LLC sold off a large portion of its position, reducing its stake in Kyndryl by 92.6% during Q4 and ending the quarter with 17,056 shares valued at about $430,000.
• Kyndryl missed quarterly expectations, reporting EPS of $0.52 versus $0.60 expected and revenue of $3.86 billion (slightly below the $3.89 billion estimate), with only 0.6% year‑over‑year revenue growth.
• Wall Street sentiment is cautious: the consensus rating is "Reduce" with an average price target of $25.60, and several firms have cut targets (e.g., Morgan Stanley to $13, Susquehanna to $16); the stock's 50‑day moving average (~$13) is well below its 200‑day (~$22), signaling recent weakness.

Diversify Advisory Services LLC lowered its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 92.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,056 shares of the company's stock after selling 213,346 shares during the quarter. Diversify Advisory Services LLC's holdings in Kyndryl were worth $430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its holdings in Kyndryl by 192.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company's stock valued at $35,000 after purchasing an additional 770 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Kyndryl by 4,475.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,464 shares of the company's stock valued at $39,000 after purchasing an additional 1,432 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Kyndryl in the 4th quarter valued at approximately $39,000. Optiver Holding B.V. purchased a new stake in Kyndryl in the 3rd quarter valued at approximately $40,000. Finally, Quent Capital LLC purchased a new stake in Kyndryl in the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Price Performance

KD stock opened at $13.76 on Thursday. The firm has a 50 day moving average of $12.99 and a 200-day moving average of $21.88. Kyndryl Holdings, Inc. has a 12-month low of $10.10 and a 12-month high of $44.20. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.75. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 13.10 and a beta of 1.83.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.08). Kyndryl had a net margin of 1.65% and a return on equity of 25.91%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. Kyndryl's revenue was up .6% on a year-over-year basis. As a group, equities analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Scotiabank assumed coverage on Kyndryl in a report on Tuesday, January 27th. They issued an "outperform" rating on the stock. Morgan Stanley lowered their price objective on Kyndryl from $28.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 24th. Oppenheimer reaffirmed a "market perform" rating on shares of Kyndryl in a report on Monday, February 9th. Weiss Ratings lowered Kyndryl from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, March 18th. Finally, Susquehanna lowered their price objective on Kyndryl from $35.00 to $16.00 and set a "positive" rating on the stock in a report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Kyndryl presently has an average rating of "Reduce" and an average price target of $25.60.

About Kyndryl

Kyndryl NYSE: KD is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM's Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl's core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.

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