Jacobs Levy Equity Management Inc. Cuts Stock Position in Kyndryl Holdings, Inc. $KD

Jacobs Levy Equity Management Inc. lessened its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 82.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 362,055 shares of the company's stock after selling 1,709,208 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.16% of Kyndryl worth $11,369,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Kyndryl in the first quarter valued at about $27,000. Hollencrest Capital Management increased its stake in shares of 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 during the last quarter. Quarry LP bought a new stake in shares of Kyndryl in the 1st quarter valued at about $28,000. True Wealth Design LLC increased its stake in shares of 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 during the last quarter. Finally, Virtus Advisers LLC bought a new stake in shares of Kyndryl in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Oppenheimer upped their price target on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $46.00.

Kyndryl Stock Down 2.0%

Shares of NYSE:KD traded down $0.68 during mid-day trading on Wednesday, hitting $32.44. 3,051,554 shares of the company traded hands, compared to its average volume of 2,349,645. The stock has a market cap of $7.50 billion, a P/E ratio of 26.81, a P/E/G ratio of 3.62 and a beta of 1.89. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 12-month low of $22.26 and a 12-month high of $44.20. The stock has a 50-day moving average price of $35.04 and a two-hundred day moving average price of $35.59.

Kyndryl (NYSE:KD - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $3.74 billion for 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 quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

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.