Martingale Asset Management L P Lowers Position in 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 trimmed its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 38.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,967 shares of the company's stock after selling 18,970 shares during the quarter. Martingale Asset Management L P's holdings in Kyndryl were worth $972,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Kyndryl during the 1st quarter worth approximately $27,000. True Wealth Design LLC raised its stake in shares of Kyndryl by 150.6% during the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after buying an additional 524 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Kyndryl during the 4th quarter worth approximately $30,000. Hollencrest Capital Management raised its stake in shares of Kyndryl by 637.7% during the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company's stock worth $28,000 after buying an additional 778 shares during the period. Finally, SSA Swiss Advisors AG acquired a new position in shares of Kyndryl during the 1st quarter worth approximately $32,000. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Trading Up 0.0%

NYSE:KD traded up $0.02 during trading hours on Thursday, hitting $31.55. The company had a trading volume of 1,378,914 shares, compared to its average volume of 2,359,760. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. The company has a 50-day moving average of $36.81 and a 200 day moving average of $36.19. The company has a market cap of $7.29 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.42 and a beta of 1.91. Kyndryl Holdings, Inc. has a 1 year low of $22.26 and a 1 year high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last issued 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 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%.The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Transactions at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $39.14, for a total value of $1,035,292.14. Following the completion of the sale, the senior vice president directly owned 73,278 shares in the company, valued at $2,868,100.92. This represents a 26.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

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.