Kyndryl Holdings, Inc. $KD Shares Sold by Harbor Capital Advisors Inc.

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 position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. MAI Capital Management boosted its position in shares of Kyndryl by 12.7% in the first quarter. MAI Capital Management now owns 2,641 shares of the company's stock worth $83,000 after buying an additional 297 shares during the period. Intech Investment Management LLC increased its holdings in shares of Kyndryl by 0.5% during the first quarter. Intech Investment Management LLC now owns 66,751 shares of the company's stock worth $2,096,000 after purchasing an additional 318 shares during the period. Greenleaf Trust lifted its holdings in shares of Kyndryl by 5.3% during the first quarter. Greenleaf Trust now owns 9,008 shares of the company's stock worth $283,000 after purchasing an additional 450 shares during the period. Xponance Inc. increased its stake in Kyndryl by 1.9% in the first quarter. Xponance Inc. now owns 27,124 shares of the company's stock valued at $852,000 after purchasing an additional 512 shares in the last quarter. Finally, Smithfield Trust Co lifted its stake in shares of Kyndryl by 35.5% during the 1st quarter. Smithfield Trust Co now owns 1,953 shares of the company's stock valued at $62,000 after buying an additional 512 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Trading Down 0.4%

Shares of KD traded down $0.12 during mid-day trading on Friday, reaching $31.36. The company had a trading volume of 4,130,631 shares, compared to its average volume of 2,028,389. 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 fifty day simple moving average of $33.56 and a 200-day simple moving average of $35.31. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 3.45 and a beta of 1.89.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the firm earned $0.13 EPS. Kyndryl's quarterly revenue was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Oppenheimer boosted their target price on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $46.00.

Kyndryl Company 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.