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 cut its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,078,533 shares of the company's stock after selling 13,857 shares during the period. Northern Trust Corp owned about 0.89% of Kyndryl worth $65,266,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Kyndryl by 44.1% in the first quarter. GAMMA Investing LLC now owns 4,322 shares of the company's stock valued at $136,000 after purchasing an additional 1,323 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Kyndryl by 121.8% in the first quarter. Janney Montgomery Scott LLC now owns 20,750 shares of the company's stock valued at $652,000 after purchasing an additional 11,395 shares during the period. Principal Financial Group Inc. boosted its holdings in Kyndryl by 0.5% in the first quarter. Principal Financial Group Inc. now owns 535,085 shares of the company's stock valued at $16,802,000 after purchasing an additional 2,807 shares during the period. Fifth Third Bancorp boosted its holdings in Kyndryl by 35.5% in the first quarter. Fifth Third Bancorp now owns 3,114 shares of the company's stock valued at $98,000 after purchasing an additional 815 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Kyndryl by 107.9% in the first quarter. Private Trust Co. NA now owns 1,021 shares of the company's stock valued at $32,000 after purchasing an additional 530 shares during the period. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Oppenheimer raised their price target on Kyndryl from $47.00 to $55.00 and gave the company 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 analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $46.00.

Insider Transactions at Kyndryl

In related 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 value of $1,035,292.14. Following the transaction, the senior vice president owned 73,278 shares in the company, valued at $2,868,100.92. The trade was a 26.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.90% of the stock is owned by company insiders.

Kyndryl Stock Performance

Shares of Kyndryl stock traded up $0.02 on Thursday, hitting $31.55. The stock had a trading volume of 1,378,914 shares, compared to its average volume of 3,863,747. Kyndryl Holdings, Inc. has a 52-week low of $22.26 and a 52-week high of $44.20. 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 stock has a market cap of $7.29 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 3.45 and a beta of 1.91. The company's 50 day moving average price is $36.64 and its 200 day moving average price is $36.13.

Kyndryl (NYSE:KD - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the previous year, the business earned $0.13 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. On average, research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Kyndryl 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.