Kyndryl Holdings, Inc. $KD Shares Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC has increased its stake in Kyndryl Holdings, Inc. by 29.0%, owning 38,094 shares valued at approximately $1.19 million following the purchase of an additional 8,559 shares.
• Other institutional investors, including Deutsche Bank AG and Northern Trust Corp, have also significantly increased their stakes in Kyndryl, showcasing growing interest in the company.
• Kyndryl reported a net margin of 1.97% and earnings of $0.37 per share for the last quarter, exceeding analysts' expectations and indicating a minor year-over-year revenue increase of 0.1%.

Hsbc Holdings PLC raised its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 29.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 38,094 shares of the company's stock after purchasing an additional 8,559 shares during the period. Hsbc Holdings PLC's holdings in Kyndryl were worth $1,190,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Deutsche Bank AG grew its position in shares of Kyndryl by 95.9% in the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock valued at $74,287,000 after purchasing an additional 1,050,856 shares in the last quarter. Cortland Associates Inc. MO raised its stake in shares of Kyndryl by 0.4% in the 1st quarter. Cortland Associates Inc. MO now owns 2,131,738 shares of the company's stock valued at $66,937,000 after acquiring an additional 8,017 shares during the period. Northern Trust Corp raised its position in Kyndryl by 13.5% in the fourth quarter. Northern Trust Corp now owns 2,092,390 shares of the company's stock valued at $72,397,000 after purchasing an additional 249,062 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Kyndryl by 1.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,071,263 shares of the company's stock valued at $71,666,000 after acquiring an additional 36,045 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Kyndryl by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 1,883,002 shares of the company's stock valued at $59,126,000 after purchasing an additional 31,644 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Stock Down 0.7%

Shares of NYSE:KD traded down $0.23 during trading hours on Thursday, reaching $31.79. The stock had a trading volume of 2,142,049 shares, compared to its average volume of 2,794,074. Kyndryl Holdings, Inc. has a 1 year low of $22.26 and a 1 year high of $44.20. The firm's 50 day moving average is $35.77 and its 200-day moving average is $35.80. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 3.50 and a beta of 1.89. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05.

Kyndryl (NYSE:KD - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.37 EPS for the quarter, topping 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 firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company's revenue was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. Research analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KD has been the subject of several recent research reports. Oppenheimer raised their price target on shares of 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 lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.