MetLife Investment Management LLC Has $22.36 Million Stock Holdings in Kyndryl Holdings, Inc. $KD

Key Points

• MetLife Investment Management LLC increased its stake in Kyndryl Holdings by 444.1% during the first quarter, owning 711,965 shares worth approximately $22.36 million.
• Kyndryl's stock performance includes a 12-month low of $22.26 and a high of $44.20, with a current market capitalization of $7.20 billion.
• Despite a slight miss in revenue estimates, Kyndryl reported a 0.37 EPS, surpassing the consensus estimate of 0.36 by $0.01.

MetLife Investment Management LLC raised its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 444.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 711,965 shares of the company's stock after buying an additional 581,118 shares during the quarter. MetLife Investment Management LLC owned about 0.31% of Kyndryl worth $22,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KD. Opal Wealth Advisors LLC bought a new stake in Kyndryl in the 1st quarter valued at approximately $27,000. True Wealth Design LLC lifted its stake in Kyndryl by 150.6% in the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock valued at $30,000 after acquiring an additional 524 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Kyndryl in the 4th quarter valued at approximately $30,000. Hollencrest Capital Management lifted its stake 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 acquiring an additional 778 shares in the last quarter. Finally, SSA Swiss Advisors AG bought a new stake in Kyndryl in the 1st quarter valued at approximately $32,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Performance

KD traded up $0.29 during trading hours on Friday, reaching $31.80. The company's stock had a trading volume of 1,723,127 shares, compared to its average volume of 3,859,277. Kyndryl Holdings, Inc. has a 52 week low of $22.26 and a 52 week high of $44.20. The company's 50-day moving average is $36.50 and its 200-day moving average is $36.03. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $7.35 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 3.47 and a beta of 1.91.

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

Insiders Place Their Bets

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

Analysts Set New Price Targets

KD has been the topic of several research reports. Oppenheimer boosted their target price on Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research note 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 investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus 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.