Harbor Capital Advisors Inc. Sells 11,673 Shares of Kyndryl Holdings, Inc. $KD

Key Points

• Harbor Capital Advisors Inc. reduced its stake in Kyndryl Holdings by 12.7%, selling 11,673 shares during the second quarter, bringing its total holdings to 80,293 shares valued at approximately $3.37 million.
• Kyndryl's recent earnings report showed an EPS of $0.37, slightly surpassing analysts' expectations, though revenue of $3.74 billion fell short of the anticipated $3.83 billion.
• Analyst ratings for Kyndryl vary, with Wall Street Zen downgrading it from a "strong-buy" to a "buy," while Oppenheimer raised its price target from $47 to $55, suggesting a consensus target price of $46.

Harbor Capital Advisors Inc. decreased its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,293 shares of the company's stock after selling 11,673 shares during the period. Harbor Capital Advisors Inc.'s holdings in Kyndryl were worth $3,369,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Magnetar Financial LLC bought a new position in shares of Kyndryl in the 1st quarter worth $943,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Kyndryl in the 1st quarter worth about $605,000. Raymond James Financial Inc. lifted its position in shares of Kyndryl by 10.6% in the 1st quarter. Raymond James Financial Inc. now owns 363,043 shares of the company's stock worth $11,400,000 after purchasing an additional 34,735 shares during the period. Hsbc Holdings PLC lifted its position in shares of Kyndryl by 29.0% in the 1st quarter. Hsbc Holdings PLC now owns 38,094 shares of the company's stock worth $1,190,000 after purchasing an additional 8,559 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Kyndryl by 44.1% in the 1st quarter. GAMMA Investing LLC now owns 4,322 shares of the company's stock worth $136,000 after purchasing an additional 1,323 shares during the period. Institutional investors own 71.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KD. Wall Street Zen lowered shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Oppenheimer increased their price target on shares of 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, Kyndryl has an average rating of "Buy" and a consensus target price of $46.00.

Kyndryl Stock Performance

Shares of KD traded down $0.12 on Friday, reaching $31.36. The company's stock had a trading volume of 4,130,631 shares, compared to its average volume of 2,028,389. 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 market capitalization of $7.25 billion, a P/E ratio of 25.92, a PEG ratio of 3.47 and a beta of 1.89. The stock's 50 day simple moving average is $33.56 and its two-hundred day simple moving average is $35.32. Kyndryl Holdings, Inc. has a 12-month low of $22.26 and a 12-month high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter last year, the firm posted $0.13 earnings per share. The firm's revenue was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. Research analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

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.