19,446 Shares in Kyndryl Holdings, Inc. $KD Purchased by Scientech Research LLC

Key Points

• Scientech Research LLC has made a new investment in Kyndryl Holdings, buying 19,446 shares valued at approximately $611,000 during the 1st quarter.
• Kyndryl's latest quarterly earnings showed an EPS of $0.37, slightly beating the consensus estimate, with revenue reported at $3.74 billion, which was below analysts' expectations.
• Institutional investors own 71.53% of Kyndryl's shares, and Oppenheimer recently increased its price target for the stock from $47.00 to $55.00, rating it as "outperform."

Scientech Research LLC acquired a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 19,446 shares of the company's stock, valued at approximately $611,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. MAI Capital Management raised its position in shares of Kyndryl by 12.7% during the first quarter. MAI Capital Management now owns 2,641 shares of the company's stock worth $83,000 after purchasing an additional 297 shares during the period. Greenleaf Trust raised its position in shares of Kyndryl by 5.3% during the first quarter. Greenleaf Trust now owns 9,008 shares of the company's stock worth $283,000 after purchasing an additional 450 shares during the period. Xponance Inc. raised its position in shares of Kyndryl by 1.9% during the first quarter. Xponance Inc. now owns 27,124 shares of the company's stock worth $852,000 after purchasing an additional 512 shares during the period. Smithfield Trust Co raised its position in shares of Kyndryl by 35.5% during the first quarter. Smithfield Trust Co now owns 1,953 shares of the company's stock worth $62,000 after purchasing an additional 512 shares during the period. Finally, True Wealth Design LLC raised its position in shares of Kyndryl by 150.6% during the fourth quarter. True Wealth Design LLC now owns 872 shares of the company's stock worth $30,000 after purchasing an additional 524 shares during the period. Institutional investors own 71.53% of the company's stock.

Kyndryl Stock Down 2.4%

NYSE KD traded down $0.78 on Friday, reaching $31.96. The stock had a trading volume of 1,888,681 shares, compared to its average volume of 2,350,446. The business has a 50 day moving average price of $34.83 and a 200 day moving average price of $35.56. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 1 year low of $22.26 and a 1 year high of $44.20. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 3.54 and a beta of 1.89.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly 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. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.83 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The business's quarterly revenue was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. On average, analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KD shares. Oppenheimer boosted their target price on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kyndryl has an average rating of "Buy" and an average price target of $46.00.

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.