Douglas Lane & Associates LLC Lowers Position in 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 cut its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 871,862 shares of the company's stock after selling 87,934 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.38% of Kyndryl worth $36,583,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KD. Nuveen LLC bought a new position in shares of Kyndryl during the 1st quarter worth approximately $30,466,000. GMT Capital Corp lifted its stake in 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 in the last quarter. MetLife Investment Management LLC raised its stake in Kyndryl by 444.1% in the 1st quarter. MetLife Investment Management LLC now owns 711,965 shares of the company's stock valued at $22,356,000 after acquiring an additional 581,118 shares during the period. Tidal Investments LLC grew its holdings in shares of Kyndryl by 362.6% during the fourth quarter. Tidal Investments LLC now owns 473,050 shares of the company's stock worth $16,368,000 after purchasing an additional 370,780 shares in the last quarter. Finally, Cinctive Capital Management LP boosted its stake in Kyndryl by 65.9% in the first 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. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Stock Performance

Shares of KD traded down $0.13 during trading hours on Friday, reaching $31.35. 686,105 shares of the company traded hands, compared to its average volume of 2,330,352. Kyndryl Holdings, Inc. has a 1-year low of $22.26 and a 1-year high of $44.20. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. The stock's fifty day moving average is $33.73 and its 200 day moving average is $35.36. The stock has a market cap of $7.25 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 3.50 and a beta of 1.89.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KD shares. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Oppenheimer upped their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $46.00.

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.