Raymond James Financial Inc. Buys 34,735 Shares of Kyndryl Holdings, Inc. $KD

Key Points

• Raymond James Financial Inc. increased its stake in Kyndryl Holdings by 10.6%, owning a total of 363,043 shares valued at approximately $11.4 million after acquiring additional shares in the first quarter.
• Other institutional investors have also shown interest, with notable increases such as NewEdge Advisors LLC raising its position by 92.7%, indicating a growing confidence in Kyndryl.
• Kyndryl reported earnings of $0.37 per share for the last quarter, surpassing analyst expectations, with revenues slightly below projections at $3.74 billion.

Raymond James Financial Inc. grew its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 10.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 363,043 shares of the company's stock after buying an additional 34,735 shares during the period. Raymond James Financial Inc. owned approximately 0.16% of Kyndryl worth $11,400,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new position in Kyndryl during the first quarter valued at about $27,000. True Wealth Design LLC grew its holdings in shares of Kyndryl by 150.6% during the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after purchasing an additional 524 shares in the last quarter. Hollencrest Capital Management increased its position in shares of Kyndryl by 637.7% during the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock valued at $28,000 after purchasing an additional 778 shares during the period. SSA Swiss Advisors AG acquired a new position in shares of Kyndryl in the first quarter valued at $32,000. Finally, Private Trust Co. NA raised its stake in shares of 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 in the last quarter. Institutional investors own 71.53% of the company's stock.

Kyndryl Price Performance

Shares of KD traded down $0.13 on Thursday, hitting $31.88. The company's stock had a trading volume of 861,009 shares, compared to its average volume of 2,346,165. The company has a market capitalization of $7.37 billion, a PE ratio of 26.35, a PEG ratio of 3.47 and a beta of 1.89. Kyndryl Holdings, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $44.20. The company has a 50 day moving average price of $35.97 and a 200 day moving average price of $35.87. 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 (NYSE:KD - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. On average, research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KD shares. Oppenheimer lifted their price target on shares of 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 downgraded shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $46.00.

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.