Fox Run Management L.L.C. Boosts Position in Kyndryl Holdings, Inc. $KD

Key Points

• Fox Run Management L.L.C. increased its holdings in Kyndryl by 192.3% during the first quarter, owning a total of 17,140 shares valued at $538,000.
• Several hedge funds, including Deutsche Bank AG and D. E. Shaw & Co. Inc., significantly increased their stakes in Kyndryl, contributing to institutional investors owning 71.53% of the company's stock.
• Kyndryl reported earnings of $0.37 per share for the most recent quarter, slightly exceeding expectations, despite a revenue of $3.74 billion falling short of estimates of $3.83 billion.

Fox Run Management L.L.C. raised its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 192.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,140 shares of the company's stock after buying an additional 11,277 shares during the period. Fox Run Management L.L.C.'s holdings in Kyndryl were worth $538,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG grew its stake in Kyndryl by 95.9% during the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock worth $74,287,000 after purchasing an additional 1,050,856 shares during the period. Nuveen LLC bought a new position in shares of Kyndryl in the first quarter valued at $30,466,000. D. E. Shaw & Co. Inc. grew its holdings in shares of Kyndryl by 180.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock valued at $46,082,000 after buying an additional 856,629 shares during the last quarter. Maple Rock Capital Partners Inc. bought a new stake in shares of Kyndryl during the fourth quarter worth about $26,085,000. Finally, AQR Capital Management LLC increased its holdings in Kyndryl by 60.5% during the 4th quarter. AQR Capital Management LLC now owns 1,747,662 shares of the company's stock worth $60,469,000 after purchasing an additional 658,866 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Price Performance

NYSE KD traded up $0.7530 during trading hours on Friday, reaching $31.1730. 1,012,437 shares of the stock traded hands, compared to its average volume of 2,355,830. Kyndryl Holdings, Inc. has a 1 year low of $22.26 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 stock has a 50 day simple moving average of $37.50 and a two-hundred day simple moving average of $36.49. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 3.31 and a beta of 1.91.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share (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 business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the firm earned $0.13 EPS. The company's revenue was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. On average, analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

KD has been the subject of a number of analyst reports. Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Oppenheimer boosted their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $46.00.

Insider Buying and Selling

In related news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the transaction, the senior vice president directly owned 73,278 shares in the company, valued at approximately $2,868,100.92. The trade was a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company's stock.

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.