Focus Partners Advisor Solutions LLC Purchases Shares of 9,403 Kyndryl Holdings, Inc. $KD

Key Points

• Focus Partners Advisor Solutions LLC has made a new investment of $295,000 in Kyndryl Holdings, Inc., acquiring 9,403 shares as per their recent SEC filing.
• Several institutional investors have recently increased their stakes in Kyndryl, with Royal Bank of Canada boosting its ownership by 50.2%, now holding approximately 148,178 shares.
• Kyndryl's stock has a current average rating of “Buy”, with a consensus target price of $46.00, following a downgrade from "strong-buy" by Wall Street Zen.

Focus Partners Advisor Solutions LLC bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,403 shares of the company's stock, valued at approximately $295,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in Kyndryl by 50.2% in the 1st quarter. Royal Bank of Canada now owns 148,178 shares of the company's stock valued at $4,653,000 after purchasing an additional 49,504 shares during the period. MAI Capital Management boosted its holdings in Kyndryl by 12.7% in the 1st quarter. MAI Capital Management now owns 2,641 shares of the company's stock valued at $83,000 after purchasing an additional 297 shares during the period. Quarry LP bought a new stake in Kyndryl in the 1st quarter valued at $28,000. GMT Capital Corp boosted its holdings in Kyndryl by 24.2% in the 1st 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 during the period. Finally, Vident Advisory LLC boosted its holdings in Kyndryl by 133.2% in the 1st quarter. Vident Advisory LLC now owns 386,399 shares of the company's stock valued at $12,133,000 after purchasing an additional 220,706 shares during the period. 71.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Oppenheimer lifted their price target on shares of 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 downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $46.00.

Kyndryl Price Performance

NYSE KD traded up $0.51 on Thursday, hitting $32.91. 1,038,644 shares of the company were exchanged, compared to its average volume of 2,346,175. The firm has a 50 day moving average of $35.04 and a two-hundred day moving average of $35.59. The company has a market cap of $7.61 billion, a P/E ratio of 27.17, a P/E/G ratio of 3.62 and a beta of 1.89. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 1-year low of $22.26 and a 1-year high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly 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. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. On average, equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS 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.