Kyndryl Holdings, Inc. $KD Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp has a stock position in Kyndryl Holdings valued at $65.27 million, representing approximately 0.89% of the company's total shares after a slight reduction in its stake.
• The stock has received a mixed reaction from analysts; while Oppenheimer raised the price target to $55.00, Wall Street Zen downgraded it from "strong-buy" to "buy."
• Kyndryl recently reported an earnings per share (EPS) of $0.37, slightly beating estimates, despite a small decline in revenue compared to the previous year.

Northern Trust Corp lowered its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,078,533 shares of the company's stock after selling 13,857 shares during the period. Northern Trust Corp owned 0.89% of Kyndryl worth $65,266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KD. Deutsche Bank AG increased its stake in Kyndryl by 95.9% during the fourth quarter. Deutsche Bank AG now owns 2,147,009 shares of the company's stock worth $74,287,000 after acquiring an additional 1,050,856 shares during the last quarter. Nuveen LLC acquired a new stake in Kyndryl during the first quarter worth $30,466,000. D. E. Shaw & Co. Inc. increased its stake 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 acquiring an additional 856,629 shares during the last quarter. Maple Rock Capital Partners Inc. acquired a new stake in Kyndryl during the fourth quarter worth $26,085,000. Finally, AQR Capital Management LLC increased its stake in Kyndryl by 60.5% during the fourth quarter. AQR Capital Management LLC now owns 1,747,662 shares of the company's stock worth $60,469,000 after acquiring an additional 658,866 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company's stock.

Insider Transactions at Kyndryl

In related news, SVP Vineet Khurana sold 26,451 shares of Kyndryl 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 transaction, the senior vice president directly owned 73,278 shares in the company, valued at approximately $2,868,100.92. This trade represents 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 this hyperlink. Company insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Oppenheimer raised 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 note on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kyndryl presently has an average rating of "Buy" and a consensus price target of $46.00.

Kyndryl Trading Up 0.9%

NYSE:KD traded up $0.29 during trading hours on Friday, reaching $31.80. 1,723,127 shares of the stock were exchanged, compared to its average volume of 3,857,402. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. The business has a 50-day moving average of $36.50 and a two-hundred day moving average of $36.00. Kyndryl Holdings, Inc. has a twelve month low of $22.26 and a twelve month high of $44.20. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 3.47 and a beta of 1.89.

Kyndryl (NYSE:KD - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $3.74 billion for 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 revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 EPS for the current year.

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.