Fluent Financial LLC Makes New Investment in Kyndryl Holdings, Inc. $KD

Key Points

• Fluent Financial LLC made a new investment by acquiring 17,464 shares of Kyndryl Holdings, Inc., valued at approximately $733,000, during the second quarter.
• Institutional ownership of Kyndryl has risen significantly, with over 71.53% of the company now held by institutional investors and hedge funds.
• Analysts have mixed opinions on Kyndryl shares, with ratings ranging from "buy" to "strong sell", and an average target price set at $42.00.

Fluent Financial LLC purchased a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,464 shares of the company's stock, valued at approximately $733,000.

Several other institutional investors and hedge funds have also modified their holdings of KD. Nuveen LLC acquired a new stake in Kyndryl during the 1st quarter worth approximately $30,466,000. GMT Capital Corp raised its holdings in shares of Kyndryl by 24.2% during the first quarter. GMT Capital Corp now owns 3,691,860 shares of the company's stock worth $115,924,000 after acquiring an additional 718,300 shares during the period. MetLife Investment Management LLC lifted its position 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 in the last quarter. Cinctive Capital Management LP lifted its position in Kyndryl by 65.9% in the 1st quarter. Cinctive Capital Management LP now owns 786,112 shares of the company's stock valued at $24,684,000 after acquiring an additional 312,326 shares in the last quarter. Finally, Jag Capital Management LLC boosted its stake in Kyndryl by 3,273.7% in the 1st quarter. Jag Capital Management LLC now owns 285,450 shares of the company's stock worth $8,963,000 after purchasing an additional 276,989 shares during the period. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KD shares. Morgan Stanley initiated coverage on Kyndryl in a research report on Friday, September 26th. They set an "equal weight" rating and a $30.00 price objective for the company. Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Weiss Ratings reissued a "hold (c)" rating on shares of Kyndryl in a research report on Wednesday. Zacks Research downgraded shares of Kyndryl from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. Finally, Oppenheimer boosted their price target on shares of Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kyndryl currently has an average rating of "Hold" and an average target price of $42.00.

Kyndryl Price Performance

Shares of KD opened at $30.12 on Thursday. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 3.35 and a beta of 1.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. The company's fifty day simple moving average is $31.35 and its 200 day simple moving average is $34.93. Kyndryl Holdings, Inc. has a 1-year low of $22.68 and a 1-year high of $44.20.

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. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter last year, the firm posted $0.13 EPS. The company's quarterly revenue was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. On average, research analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal 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.

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