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 stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 2nd 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 institutional investors and hedge funds also recently bought and sold shares of KD. Nuveen LLC purchased a new position in Kyndryl during the first quarter valued at $30,466,000. GMT Capital Corp lifted its position in Kyndryl by 24.2% during the first quarter. GMT Capital Corp now owns 3,691,860 shares of the company's stock valued at $115,924,000 after purchasing an additional 718,300 shares in the last quarter. MetLife Investment Management LLC lifted its position in Kyndryl by 444.1% during the first quarter. MetLife Investment Management LLC now owns 711,965 shares of the company's stock valued at $22,356,000 after purchasing an additional 581,118 shares in the last quarter. Cinctive Capital Management LP lifted its position in Kyndryl by 65.9% during the first quarter. Cinctive Capital Management LP now owns 786,112 shares of the company's stock valued at $24,684,000 after purchasing an additional 312,326 shares in the last quarter. Finally, Jag Capital Management LLC lifted its position in Kyndryl by 3,273.7% during the first quarter. Jag Capital Management LLC now owns 285,450 shares of the company's stock valued at $8,963,000 after purchasing an additional 276,989 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Price Performance

Shares of Kyndryl stock traded down $0.12 during trading hours on Friday, hitting $31.36. The company's stock had a trading volume of 4,130,631 shares, compared to its average volume of 2,028,389. Kyndryl Holdings, Inc. has a 12-month low of $22.26 and a 12-month 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 business has a 50 day moving average price of $33.56 and a two-hundred day moving average price of $35.31. The company has a market cap of $7.25 billion, a PE ratio of 25.92, a PEG ratio of 3.45 and a beta of 1.89.

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

Analysts Set New Price Targets

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

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.