MetLife Investment Management LLC Has $22.36 Million Stake 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 boosted its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 444.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 711,965 shares of the company's stock after buying an additional 581,118 shares during the quarter. MetLife Investment Management LLC owned approximately 0.31% of Kyndryl worth $22,356,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of Kyndryl during the first quarter valued at $27,000. Hollencrest Capital Management boosted its position in Kyndryl by 637.7% in the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after buying an additional 778 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Kyndryl during the fourth quarter worth about $30,000. True Wealth Design LLC increased its holdings in shares of Kyndryl by 150.6% during the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after buying an additional 524 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Kyndryl by 107.9% in the first quarter. Private Trust Co. NA now owns 1,021 shares of the company's stock valued at $32,000 after acquiring an additional 530 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Trading Up 0.0%

NYSE:KD traded up $0.02 during mid-day trading on Thursday, hitting $31.55. The company had a trading volume of 1,378,914 shares, compared to its average volume of 2,359,760. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. Kyndryl Holdings, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $44.20. The firm has a market cap of $7.29 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.42 and a beta of 1.91. The business's fifty day moving average is $36.81 and its two-hundred day moving average is $36.19.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $3.74 billion during 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 period in the prior year, the business posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. As a group, research analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research firms recently commented on KD. 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 price objective on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kyndryl has a consensus rating of "Buy" and a consensus target price 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.