Kyndryl Holdings, Inc. $KD Stock: Arnhold LLC Increases Holdings

Key Points

• Arnhold LLC increased its Kyndryl stake by 6.1% in the third quarter, adding 118,880 shares to own 2.06 million shares valued at approximately $23.2 million. Institutional investors collectively hold 71.53% of Kyndryl’s stock.
• Kyndryl reported quarterly EPS of -$0.12, beating estimates of -$0.16, while revenue fell 3.3% year over year to $3.62 billion, slightly below expectations.
• Analyst sentiment remains cautious: seven analysts rate the stock Hold and two rate it Sell, resulting in an overall “Reduce” consensus and a $16.50 average price target.

Arnhold LLC raised its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 6.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,058,952 shares of the company's stock after buying an additional 118,880 shares during the quarter. Kyndryl comprises approximately 1.7% of Arnhold LLC's investment portfolio, making the stock its 19th biggest holding. Arnhold LLC owned 0.95% of Kyndryl worth $23,184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KD. Citizens Financial Group Inc. RI increased its stake in Kyndryl by 25.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 21,118 shares of the company's stock valued at $238,000 after buying an additional 4,243 shares during the last quarter. MBL Wealth LLC bought a new stake in Kyndryl during the 3rd quarter worth about $117,000. SBI Securities Co. Ltd. boosted its stake in shares of Kyndryl by 19.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 14,015 shares of the company's stock worth $158,000 after buying an additional 2,258 shares during the last quarter. Capstone Capital Management Ltd boosted its stake in shares of Kyndryl by 190.8% during the 3rd quarter. Capstone Capital Management Ltd now owns 92,169 shares of the company's stock worth $1,038,000 after buying an additional 60,477 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Kyndryl during the 3rd quarter worth about $609,000. Institutional investors own 71.53% of the company's stock.

Kyndryl Price Performance

Shares of NYSE KD opened at $14.69 on Tuesday. The business's 50 day moving average price is $12.67 and its two-hundred day moving average price is $13.91. The company has a market cap of $3.20 billion, a PE ratio of 39.69 and a beta of 1.66. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.96. Kyndryl Holdings, Inc. has a twelve month low of $10.10 and a twelve month high of $29.45.

Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.04. Kyndryl had a return on equity of 12.24% and a net margin of 0.58%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the company earned $0.37 earnings per share. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. On average, analysts predict that Kyndryl Holdings, Inc. will post 1.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KD shares. Zacks Research raised Kyndryl from a "strong sell" rating to a "hold" rating in a research report on Monday, September 14th. JPMorgan Chase & Co. increased their price target on Kyndryl from $13.00 to $14.00 and gave the company an "underweight" rating in a research report on Monday, August 10th. BMO Capital Markets reissued a "market perform" rating and set a $16.00 price target on shares of Kyndryl in a research report on Thursday, August 6th. Finally, Weiss Ratings downgraded Kyndryl from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, August 6th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $16.50.

Kyndryl Company Profile

Kyndryl Holdings, Inc NYSE: KD is an information technology services company that designs, builds, manages and modernizes mission-critical technology systems for businesses and public-sector organizations. Its services help customers operate and transform complex IT environments, including cloud, data centers, networks, applications and digital workplaces.

The company provides consulting and implementation services as well as ongoing managed services. Its capabilities include cloud solutions, network and edge services, cybersecurity, data and artificial intelligence, application management, enterprise computing and technology modernization.

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