Nuveen LLC Buys Shares of 970,258 Kyndryl Holdings, Inc. $KD

Key Points

• Nuveen LLC acquired a new stake in Kyndryl Holdings, purchasing 970,258 shares valued at approximately $30.5 million, bringing its ownership to 0.42% of the company.
• Kyndryl's stock opened at $29.98, showing a 0.4% decline, with a current market capitalization of $6.93 billion and a 52-week trading range between $22.26 and $44.20.
• In its latest earnings report, Kyndryl reported an EPS of $0.37, slightly exceeding analysts' expectations, while also noting a revenue of $3.74 billion for the quarter.

Nuveen LLC purchased a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 970,258 shares of the company's stock, valued at approximately $30,466,000. Nuveen LLC owned 0.42% of Kyndryl as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Greenleaf Trust increased its stake in Kyndryl by 5.3% in the first quarter. Greenleaf Trust now owns 9,008 shares of the company's stock valued at $283,000 after acquiring an additional 450 shares during the last quarter. Xponance Inc. increased its stake in Kyndryl by 1.9% in the first quarter. Xponance Inc. now owns 27,124 shares of the company's stock valued at $852,000 after acquiring an additional 512 shares during the last quarter. Smithfield Trust Co increased its stake in Kyndryl by 35.5% in the first quarter. Smithfield Trust Co now owns 1,953 shares of the company's stock valued at $62,000 after acquiring an additional 512 shares during the last quarter. True Wealth Design LLC increased its stake in Kyndryl by 150.6% in the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock valued at $30,000 after acquiring an additional 524 shares during the last quarter. Finally, Private Trust Co. NA increased its stake 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 acquiring an additional 530 shares during the last quarter. Institutional investors own 71.53% of the company's stock.

Insider Transactions at Kyndryl

In related news, SVP Vineet Khurana sold 26,451 shares of the stock in a transaction dated Monday, June 2nd. The shares were 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 of the company's stock, valued at $2,868,100.92. This represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Oppenheimer increased their target price 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. Finally, Susquehanna cut their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $46.00.

Kyndryl Trading Up 1.0%

Shares of Kyndryl stock traded up $0.2950 during trading on Thursday, reaching $30.6150. 986,976 shares of the stock were exchanged, compared to its average volume of 2,358,656. 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 stock's fifty day moving average is $37.70 and its 200 day moving average is $36.54. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 3.28 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 posted its earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates 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 revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. As a group, equities research analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal 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.