Douglas Lane & Associates LLC Sells 87,934 Shares of Kyndryl Holdings, Inc. $KD

Key Points

• Douglas Lane & Associates LLC reduced its stake in Kyndryl Holdings, Inc. by 9.2% during the second quarter, selling 87,934 shares and maintaining ownership of 871,862 shares worth approximately $36.58 million.
• Kyndryl's stock is currently down 2.4%, with a market cap of $7.39 billion and a 52-week range between $22.26 and $44.20.
• Recent analyst ratings indicate a shift, with Wall Street Zen downgrading Kyndryl from a "strong-buy" to a "buy" rating, while Oppenheimer raised its price target from $47.00 to $55.00.

Douglas Lane & Associates LLC reduced its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 9.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 871,862 shares of the company's stock after selling 87,934 shares during the period. Douglas Lane & Associates LLC owned about 0.38% of Kyndryl worth $36,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GMT Capital Corp grew its position in shares of Kyndryl by 24.2% during the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company's stock valued at $115,924,000 after acquiring an additional 718,300 shares during the period. Cortland Associates Inc. MO grew its position in shares of Kyndryl by 0.4% during the 1st quarter. Cortland Associates Inc. MO now owns 2,131,738 shares of the company's stock valued at $66,937,000 after acquiring an additional 8,017 shares during the period. Bank of New York Mellon Corp boosted its holdings 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 buying an additional 31,644 shares during the period. Adage Capital Partners GP L.L.C. boosted 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 worth $39,721,000 after buying an additional 65,000 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in Kyndryl by 7.7% in the 4th quarter. Nuveen Asset Management LLC now owns 1,001,131 shares of the company's stock worth $34,639,000 after buying an additional 71,351 shares during the period. 71.53% of the stock is owned by institutional investors.

Kyndryl Stock Down 2.4%

Shares of NYSE:KD opened at $31.96 on Friday. The firm has a fifty day moving average price of $34.60 and a two-hundred day moving average price of $35.51. 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 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 announced its quarterly 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 firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the firm earned $0.13 EPS. The business's quarterly 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 fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KD shares. Wall Street Zen downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Oppenheimer raised their price objective on shares of Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Three research 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 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.

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