Kyndryl Holdings, Inc. $KD Shares Bought by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management increased its holdings in Kyndryl Holdings by 116.1% during the second quarter, now owning 34,125 shares valued at approximately $1.43 million.
• Kyndryl's stock was recently rated as a "Hold" by analysts with a consensus price target of $42.00, despite various upgrades and downgrades from different investment firms.
• The company reported $0.37 earnings per share for its latest quarter, surpassing analyst expectations, but generated revenue of $3.74 billion, slightly below estimates of $3.83 billion.

Ritholtz Wealth Management increased its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 116.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,125 shares of the company's stock after purchasing an additional 18,333 shares during the quarter. Ritholtz Wealth Management's holdings in Kyndryl were worth $1,432,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ST Germain D J Co. Inc. raised its holdings in Kyndryl by 135.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company's stock worth $28,000 after purchasing an additional 384 shares during the period. Quarry LP acquired a new position in Kyndryl in the 1st quarter worth about $28,000. Hollencrest Capital Management raised its holdings 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 acquiring an additional 778 shares during the last quarter. Compass Financial Services Inc acquired a new position in shares of Kyndryl during the first quarter valued at approximately $30,000. Finally, Virtus Advisers LLC acquired a new position in shares of Kyndryl during the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Morgan Stanley assumed coverage on Kyndryl in a report on Friday, September 26th. They set an "equal weight" rating and a $30.00 target price for the company. Zacks Research cut Kyndryl from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Kyndryl in a report on Wednesday, October 8th. Finally, Oppenheimer increased their target price on Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Kyndryl presently has a consensus rating of "Hold" and an average price target of $42.00.

Kyndryl Price Performance

KD stock opened at $27.65 on Friday. The firm has a market capitalization of $6.39 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 3.08 and a beta of 1.85. Kyndryl Holdings, Inc. has a 1 year low of $22.68 and a 1 year high of $44.20. 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 business has a 50 day simple moving average of $30.66 and a 200-day simple moving average of $34.68.

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, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

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.

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