GMT Capital Corp Increases Stake in Kyndryl Holdings, Inc. $KD

Key Points

• GMT Capital Corp increased its stake in Kyndryl Holdings, Inc. by 24.2%, now owning 3,691,860 shares, making it their second largest position.
• Kyndryl's stock has seen a 0.9% increase recently, with a current trading price of $31.80 and a market cap of $7.35 billion.
• Wall Street analysts have varied opinions on Kyndryl, with Oppenheimer raising the price target to $55.00 while maintaining a consensus rating of "Buy" for the stock.

GMT Capital Corp grew its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 24.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,691,860 shares of the company's stock after buying an additional 718,300 shares during the quarter. Kyndryl accounts for 6.2% of GMT Capital Corp's investment portfolio, making the stock its 2nd largest holding. GMT Capital Corp owned 1.59% of Kyndryl worth $115,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Kyndryl during the 1st quarter worth about $27,000. Hollencrest Capital Management raised its stake in shares of Kyndryl by 637.7% during the first 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. 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 valued at $30,000 after purchasing an additional 524 shares during the period. Virtus Advisers LLC acquired a new stake in shares of Kyndryl during the first quarter worth approximately $31,000. Finally, Private Trust Co. NA grew its position in shares of Kyndryl by 107.9% during the first quarter. Private Trust Co. NA now owns 1,021 shares of the company's stock worth $32,000 after buying an additional 530 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on KD. Oppenheimer lifted their price objective on shares of Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $46.00.

Kyndryl Stock Performance

Shares of NYSE KD traded down $0.40 during midday trading on Thursday, reaching $31.61. 654,425 shares of the company traded hands, compared to its average volume of 2,345,122. Kyndryl Holdings, Inc. has a 52 week low of $22.26 and a 52 week high of $44.20. The stock has a 50-day moving average price of $35.97 and a 200 day moving average price of $35.87. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 3.47 and a beta of 1.89.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.Kyndryl's revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Sell-side analysts anticipate 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.