Russell Investments Group Ltd. Sells 312,778 Shares of Kyndryl Holdings, Inc. $KD

Key Points

• Russell Investments Group Ltd. has reduced its stake in Kyndryl Holdings, Inc. by 29.7%, selling 312,778 shares and maintaining 740,640 shares worth $23.26 million as of the latest SEC filing.
• Kyndryl's stock opened at $29.98, with a market cap of $6.93 billion and a P/E ratio of 24.78.
• The company reported $3.74 billion in revenue for the last quarter, slightly below analysts' expectations, while earnings per share were $0.37, beating the consensus estimate.

Russell Investments Group Ltd. lowered its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 29.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 740,640 shares of the company's stock after selling 312,778 shares during the period. Russell Investments Group Ltd. owned 0.32% of Kyndryl worth $23,256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Kyndryl by 44.1% in the first quarter. GAMMA Investing LLC now owns 4,322 shares of the company's stock worth $136,000 after buying an additional 1,323 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of 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 stake in Kyndryl by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 535,085 shares of the company's stock worth $16,802,000 after purchasing an additional 2,807 shares during the period. Fifth Third Bancorp raised its position in shares of 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 buying an additional 815 shares during the last quarter. Finally, Private Trust Co. NA raised its position 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 buying an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Insiders Place Their Bets

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the sale, 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 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 owned by corporate insiders.

Kyndryl Stock Up 0.4%

Shares of KD stock traded up $0.12 during trading on Wednesday, hitting $30.16. 1,449,033 shares of the company were exchanged, compared to its average volume of 2,359,083. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 3.32 and a beta of 1.91. The business's 50-day simple moving average is $37.90 and its 200 day simple moving average is $36.58. Kyndryl Holdings, Inc. has a twelve month low of $22.26 and a twelve month high of $44.20.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KD. Wall Street Zen lowered shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Susquehanna lowered their target price on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Finally, Oppenheimer boosted their target price on shares of Kyndryl from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $46.00.

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.