Exchange Traded Concepts LLC Makes New $5.03 Million Investment in Kyndryl Holdings, Inc. $KD

Key Points

• Exchange Traded Concepts LLC made a new investment in Kyndryl Holdings, Inc. of approximately $5.03 million, acquiring 119,782 shares during the second quarter.
• Kyndryl's recent quarterly earnings revealed a net margin of 1.97% and a year-over-year revenue increase of 0.1%, with the company reporting $0.37 earnings per share, slightly above analysts' expectations.
• Analysts have set a consensus price target of $46.00 for Kyndryl, with ratings varying from 'buy' to 'outperform' across different research reports.

Exchange Traded Concepts LLC bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 119,782 shares of the company's stock, valued at approximately $5,026,000. Exchange Traded Concepts LLC owned approximately 0.05% of Kyndryl as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Kyndryl during the 1st quarter worth $27,000. Hollencrest Capital Management raised its position in Kyndryl by 637.7% during the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock worth $28,000 after acquiring an additional 778 shares during the last quarter. Quarry LP purchased a new stake in shares of Kyndryl in the first quarter valued at about $28,000. Compass Financial Services Inc acquired a new stake in shares of Kyndryl in the first quarter valued at approximately $30,000. Finally, Virtus Advisers LLC purchased a new position in shares of Kyndryl during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Oppenheimer boosted their price target on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $46.00.

Kyndryl Trading Up 0.5%

KD traded up $0.16 during trading on Tuesday, hitting $31.68. The company's stock had a trading volume of 321,181 shares, compared to its average volume of 2,339,494. Kyndryl Holdings, Inc. has a twelve month low of $22.26 and a twelve month high of $44.20. The stock has a market cap of $7.32 billion, a PE ratio of 26.18, a PEG ratio of 3.45 and a beta of 1.89. The firm's 50 day moving average price is $33.40 and its 200-day moving average price is $35.28. 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 (NYSE:KD - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. On average, analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Kyndryl Company 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.