Landscape Capital Management L.L.C. Purchases New Stake in Kyndryl Holdings, Inc. $KD

Key Points

• Landscape Capital Management has acquired a new stake in Kyndryl Holdings, purchasing 19,275 shares valued at approximately $605,000.
• Several institutional investors, including MetLife Investment Management, significantly increased their positions in Kyndryl during the 1st quarter, indicating strong institutional interest in the company.
• In its latest quarterly earnings report, Kyndryl surpassed earnings estimates with an EPS of $0.37 but fell short on revenue expectations, reporting $3.74 billion against an anticipated $3.83 billion.

Landscape Capital Management L.L.C. bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,275 shares of the company's stock, valued at approximately $605,000.

Several other large investors also recently added to or reduced their stakes in KD. Raymond James Financial Inc. lifted its stake in Kyndryl by 10.6% during the 1st quarter. Raymond James Financial Inc. now owns 363,043 shares of the company's stock worth $11,400,000 after acquiring an additional 34,735 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Kyndryl by 29.0% during the 1st quarter. Hsbc Holdings PLC now owns 38,094 shares of the company's stock worth $1,190,000 after acquiring an additional 8,559 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Kyndryl by 44.1% during the 1st quarter. GAMMA Investing LLC now owns 4,322 shares of the company's stock worth $136,000 after acquiring an additional 1,323 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Kyndryl by 121.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,750 shares of the company's stock worth $652,000 after acquiring an additional 11,395 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Kyndryl by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 535,085 shares of the company's stock worth $16,802,000 after acquiring an additional 2,807 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Stock Performance

KD traded down $0.07 during trading on Thursday, hitting $31.95. 1,048,659 shares of the stock were exchanged, compared to its average volume of 2,347,216. The stock has a fifty day moving average price of $35.97 and a two-hundred day moving average price of $35.87. Kyndryl Holdings, Inc. has a 1-year low of $22.26 and a 1-year high of $44.20. The firm has a market capitalization of $7.38 billion, a P/E ratio of 26.44, a PEG ratio of 3.47 and a beta of 1.89. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24.

Kyndryl (NYSE:KD - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the business posted $0.13 EPS. The company's revenue was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

KD has been the topic of several research analyst reports. Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Oppenheimer raised their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kyndryl currently has an average rating of "Buy" and a consensus 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.