Banque Transatlantique SA Raises Stake in Kyndryl Holdings, Inc. $KD

Key Points

• Banque Transatlantique SA significantly increased its holdings in Kyndryl Holdings by 6,180.2% during the first quarter, resulting in ownership of 17,145 shares worth approximately $498,000.
• Institutional investors now own 71.53% of Kyndryl's stock, with several firms, including Deutsche Bank and MetLife, making substantial increases in their respective positions during recent quarters.
• Kyndryl reported earnings of $0.37 per share for the most recent quarter, slightly surpassing analysts' expectations, while its revenue fell short at $3.74 billion compared to an anticipated $3.83 billion.

Banque Transatlantique SA lifted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 6,180.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,145 shares of the company's stock after buying an additional 16,872 shares during the quarter. Banque Transatlantique SA's holdings in Kyndryl were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Kyndryl during the 1st quarter worth approximately $27,000. True Wealth Design LLC grew its position in shares of Kyndryl by 150.6% during the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after buying an additional 524 shares during the period. Quarry LP acquired a new stake in shares of Kyndryl during the 1st quarter worth approximately $28,000. Hollencrest Capital Management grew its position in 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 period. Finally, Virtus Advisers LLC acquired a new stake in Kyndryl in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Stock Up 1.2%

NYSE:KD traded up $0.41 during trading hours on Monday, hitting $33.17. 2,020,725 shares of the company traded hands, compared to its average volume of 2,353,156. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. The firm's 50-day simple moving average is $35.59 and its 200-day simple moving average is $35.67. Kyndryl Holdings, Inc. has a one year low of $22.26 and a one year high of $44.20. The company has a market cap of $7.67 billion, a PE ratio of 27.41, a PEG ratio of 3.58 and a beta of 1.89.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Oppenheimer lifted 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 downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kyndryl has an average rating of "Buy" and an average target price of $46.00.

Kyndryl 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.