First Manhattan CO. LLC. Boosts Position in Kyndryl Holdings, Inc. $KD

Key Points

• First Manhattan CO. LLC. increased its stake in Kyndryl Holdings, Inc. by 35.0%, now owning 189,606 shares valued at approximately $5.95 million after acquiring an additional 49,171 shares.
• Kyndryl reported a Q2 EPS of $0.37, slightly exceeding analyst expectations, although revenue of $3.74 billion fell short of the forecasted $3.83 billion.
• Analysts downgraded Kyndryl's rating from "strong-buy" to "buy" while Oppenheimer raised its price target for the stock from $47.00 to $55.00.

First Manhattan CO. LLC. grew its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 35.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189,606 shares of the company's stock after buying an additional 49,171 shares during the period. First Manhattan CO. LLC. owned approximately 0.08% of Kyndryl worth $5,954,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Focus Partners Advisor Solutions LLC bought a new position in shares of Kyndryl in the 1st quarter worth $295,000. Royal Bank of Canada lifted its stake in Kyndryl by 50.2% during the 1st quarter. Royal Bank of Canada now owns 148,178 shares of the company's stock valued at $4,653,000 after acquiring an additional 49,504 shares in the last quarter. MAI Capital Management lifted its stake in Kyndryl by 12.7% during the 1st quarter. MAI Capital Management now owns 2,641 shares of the company's stock valued at $83,000 after acquiring an additional 297 shares in the last quarter. Quarry LP bought a new position in Kyndryl during the 1st quarter valued at $28,000. Finally, 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. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Stock Performance

KD traded up $0.95 during trading hours on Friday, hitting $32.72. The stock had a trading volume of 2,515,332 shares, compared to its average volume of 2,574,946. The company's fifty day simple moving average is $35.59 and its 200 day simple moving average is $35.73. Kyndryl Holdings, Inc. has a 1 year low of $22.26 and a 1 year high of $44.20. The stock has a market cap of $7.56 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 3.47 and a beta of 1.89. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24.

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

Analysts Set New Price Targets

A number of research firms have recently commented on KD. Oppenheimer lifted 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. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target 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.