Martingale Asset Management L P Sells 18,970 Shares of Kyndryl Holdings, Inc. $KD

Key Points

• Martingale Asset Management L P reduced its holdings in Kyndryl Holdings by 38.0%, now owning 30,967 shares valued at approximately $972,000.
• Despite recent sales by insiders, institutional investors own 71.53% of Kyndryl’s stock, indicating a strong interest from major financial entities.
• Oppenheimer raised its price target on Kyndryl shares from $47.00 to $55.00, reflecting growing confidence in the company's performance.

Martingale Asset Management L P reduced its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 38.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,967 shares of the company's stock after selling 18,970 shares during the period. Martingale Asset Management L P's holdings in Kyndryl were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Deutsche Bank AG raised its holdings in Kyndryl by 95.9% in the 4th quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock valued at $74,287,000 after acquiring an additional 1,050,856 shares in the last quarter. Nuveen LLC acquired a new position in Kyndryl in the first quarter valued at about $30,466,000. D. E. Shaw & Co. Inc. lifted its position in Kyndryl by 180.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,331,851 shares of the company's stock worth $46,082,000 after purchasing an additional 856,629 shares during the period. Maple Rock Capital Partners Inc. acquired a new stake in Kyndryl during the fourth quarter worth about $26,085,000. Finally, AQR Capital Management LLC increased its holdings in Kyndryl by 60.5% in the 4th quarter. AQR Capital Management LLC now owns 1,747,662 shares of the company's stock valued at $60,469,000 after buying an additional 658,866 shares during the period. Institutional investors and hedge funds own 71.53% of the company's stock.

Insider Buying and Selling at Kyndryl

In other news, SVP Vineet Khurana sold 26,451 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the sale, the senior vice president directly owned 73,278 shares in the company, valued at approximately $2,868,100.92. The trade was a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company's stock.

Kyndryl Price Performance

KD stock traded up $0.29 during trading on Friday, reaching $31.80. 1,723,127 shares of the company were exchanged, compared to its average volume of 3,859,277. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 3.47 and a beta of 1.91. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. The company has a 50-day moving average of $36.50 and a two-hundred day moving average of $36.03. Kyndryl Holdings, Inc. has a twelve month low of $22.26 and a twelve month high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $3.74 billion during 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 revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. As a group, equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KD. Wall Street Zen downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Oppenheimer boosted their price objective 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. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kyndryl has a consensus 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.