Cortland Associates Inc. MO reduced its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 29.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,512,331 shares of the company's stock after selling 619,407 shares during the quarter. Kyndryl makes up about 7.4% of Cortland Associates Inc. MO's holdings, making the stock its biggest holding. Cortland Associates Inc. MO owned about 0.65% of Kyndryl worth $63,457,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in Kyndryl during the 1st quarter valued at $27,000. Hollencrest Capital Management increased its position in Kyndryl by 637.7% during the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after purchasing an additional 778 shares during the period. Quarry LP purchased a new position in Kyndryl during the 1st quarter valued at $28,000. ST Germain D J Co. Inc. increased its position in Kyndryl by 135.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company's stock valued at $28,000 after purchasing an additional 384 shares during the period. Finally, Compass Financial Services Inc bought a new stake in shares of Kyndryl during the 1st quarter valued at $30,000. 71.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Zacks Research cut shares of Kyndryl from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th. Oppenheimer boosted their target price on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Morgan Stanley assumed coverage on shares of Kyndryl in a report on Friday, September 26th. They set an "equal weight" rating and a $30.00 target price on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Kyndryl in a report on Saturday, September 27th. Finally, Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $42.00.
Check Out Our Latest Stock Analysis on Kyndryl
Kyndryl Stock Performance
Shares of Kyndryl stock opened at $29.92 on Wednesday. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 3.43 and a beta of 1.85. The firm's 50-day moving average is $31.50 and its 200 day moving average is $34.96. Kyndryl Holdings, Inc. has a 1 year low of $22.68 and a 1 year high of $44.20. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05.
Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. Kyndryl's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.
Kyndryl Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding KD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kyndryl Holdings, Inc. (NYSE:KD - Free Report).
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