Kyndryl Holdings, Inc. $KD Shares Acquired by Cinctive Capital Management LP

Key Points

• Cinctive Capital Management LP has increased its position in Kyndryl Holdings, Inc. by 65.9%, owning 786,112 shares after acquiring an additional 312,326 shares in the first quarter.
• Kyndryl's stock has been rated as a "buy" by multiple analysts, with Oppenheimer raising its price target from $47.00 to $55.00.
• The company reported $0.37 earnings per share for its recent quarter, exceeding analysts' expectations of $0.36, with revenue of $3.74 billion, slightly below the estimated $3.83 billion.

Cinctive Capital Management LP raised its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 65.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 786,112 shares of the company's stock after acquiring an additional 312,326 shares during the period. Kyndryl accounts for approximately 1.9% of Cinctive Capital Management LP's portfolio, making the stock its 8th largest position. Cinctive Capital Management LP owned approximately 0.34% of Kyndryl worth $24,684,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in Kyndryl in the first quarter valued at $27,000. Hollencrest Capital Management grew its stake in shares of Kyndryl by 637.7% in the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after purchasing an additional 778 shares during the last quarter. Quarry LP acquired a new position in shares of Kyndryl in the first quarter valued at approximately $28,000. True Wealth Design LLC raised its stake in shares of Kyndryl by 150.6% during the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after purchasing an additional 524 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Kyndryl during the first quarter worth $31,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Price Performance

Shares of KD stock traded up $0.09 during trading hours on Tuesday, hitting $33.23. The company's stock had a trading volume of 998,631 shares, compared to its average volume of 2,344,913. 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 twelve month low of $22.26 and a twelve month high of $44.20. The business has a fifty day moving average of $35.42 and a 200-day moving average of $35.63. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 3.58 and a beta of 1.89.

Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings data 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 return on equity of 19.88% and a net margin of 1.97%.The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the business posted $0.13 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

KD has been the topic of several recent research reports. Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Oppenheimer lifted their price target on Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average 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.