McElhenny Sheffield Capital Management LLC Purchases Shares of 22,000 Kyndryl Holdings, Inc. $KD

Key Points

• McElhenny Sheffield Capital Management LLC acquired 22,000 shares of Kyndryl Holdings, valued at approximately $923,000, during the second quarter.
• Kyndryl's recent earnings report showed an EPS of $0.37, slightly exceeding analyst expectations, with quarterly revenue at $3.74 billion.
• Analysts have mixed ratings for Kyndryl, with three giving a Buy rating, two a Hold rating, and one a Sell rating, leading to a consensus price target of $42.00.

McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,000 shares of the company's stock, valued at approximately $923,000.

Other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Kyndryl during the first quarter valued at $27,000. Hollencrest Capital Management boosted its position 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 purchasing an additional 778 shares in the last quarter. Quarry LP bought a new position in shares of Kyndryl during the 1st quarter worth about $28,000. ST Germain D J Co. Inc. boosted its position in shares of Kyndryl by 135.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company's stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Finally, Compass Financial Services Inc bought a new position in shares of Kyndryl during the 1st quarter worth about $30,000. Institutional investors own 71.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Weiss Ratings restated a "hold (c)" rating on shares of Kyndryl in a report on Wednesday. Morgan Stanley started coverage on shares of Kyndryl in a report on Friday, September 26th. They issued an "equal weight" rating and a $30.00 target price on the stock. Zacks Research lowered shares of Kyndryl from a "hold" rating to a "strong sell" rating in a research note on Monday, September 29th. Finally, Oppenheimer increased their price objective on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Kyndryl has an average rating of "Hold" and a consensus price target of $42.00.

Kyndryl Trading Up 0.8%

Shares of KD stock opened at $30.12 on Thursday. The company has a 50 day moving average of $31.35 and a 200-day moving average of $34.93. 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 Holdings, Inc. has a 12-month low of $22.68 and a 12-month high of $44.20. The firm has a market cap of $6.96 billion, a P/E ratio of 24.89, a PEG ratio of 3.35 and a beta of 1.85.

Kyndryl (NYSE:KD - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. Kyndryl's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last 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 earnings per share for the current year.

About Kyndryl

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.

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