Nordea Investment Management AB Reduces Stock Position in Kyndryl Holdings, Inc. $KD

Key Points

• Nordea Investment Management AB has reduced its stake in Kyndryl Holdings, Inc. by 2.6% during the second quarter, now owning 506,392 shares valued at approximately $21.3 million.
• Other institutional investors, including Voya Investment Management LLC and Hsbc Holdings PLC, have also made substantial adjustments to their positions, indicating increased activity among hedge funds.
• Analysts maintain a mixed outlook on Kyndryl, with three rating the stock as "Buy" and one as "Sell," while the average target price is set at $42.00.

Nordea Investment Management AB decreased its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 506,392 shares of the company's stock after selling 13,563 shares during the quarter. Nordea Investment Management AB owned 0.22% of Kyndryl worth $21,329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Magnetar Financial LLC purchased a new position in shares of Kyndryl in the first quarter worth approximately $943,000. Landscape Capital Management L.L.C. purchased a new position in shares of Kyndryl in the first quarter worth approximately $605,000. Raymond James Financial Inc. boosted its holdings in shares of Kyndryl by 10.6% in the first quarter. Raymond James Financial Inc. now owns 363,043 shares of the company's stock worth $11,400,000 after buying an additional 34,735 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Kyndryl by 29.0% in the first quarter. Hsbc Holdings PLC now owns 38,094 shares of the company's stock worth $1,190,000 after buying an additional 8,559 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Kyndryl by 56.2% in the first quarter. Voya Investment Management LLC now owns 71,664 shares of the company's stock worth $2,250,000 after buying an additional 25,784 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KD shares. Oppenheimer raised their price objective on shares of Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Morgan Stanley initiated coverage on shares of Kyndryl in a report on Friday, September 26th. They set an "equal weight" rating and a $30.00 price target on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kyndryl in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Kyndryl from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $42.00.

Kyndryl Trading Up 0.5%

Kyndryl stock opened at $27.65 on Monday. The stock has a market cap of $6.39 billion, a P/E ratio of 22.85, a PEG ratio of 3.09 and a beta of 1.85. 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 Holdings, Inc. has a 1 year low of $22.68 and a 1 year high of $44.20. The firm's 50 day moving average price is $30.66 and its 200-day moving average price is $34.72.

Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings data 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 firm 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%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. On average, equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal 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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