Kyndryl Holdings, Inc. $KD Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in Kyndryl Holdings by 43.3%, selling 236,993 shares, leaving it with approximately 310,469 shares valued at $9.75 million.
• Other institutional investors have increased their holdings in Kyndryl, with Deutsche Bank AG acquiring a 95.9% increase, bringing their total to over 2.14 million shares.
• Kyndryl reported earnings of $0.37 per share, surpassing estimates, with revenues of $3.74 billion for the last quarter, although slightly below expectations.

Trexquant Investment LP decreased its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 43.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 310,469 shares of the company's stock after selling 236,993 shares during the quarter. Trexquant Investment LP owned approximately 0.13% of Kyndryl worth $9,749,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Landscape Capital Management L.L.C. bought a new position in shares of Kyndryl in the 1st quarter worth $605,000. Virtus Advisers LLC purchased a new position in Kyndryl during the 1st quarter valued at about $31,000. Synovus Financial Corp raised its stake in Kyndryl by 4.1% during the first quarter. Synovus Financial Corp now owns 26,144 shares of the company's stock valued at $821,000 after buying an additional 1,037 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Kyndryl by 444.1% in the first quarter. MetLife Investment Management LLC now owns 711,965 shares of the company's stock worth $22,356,000 after buying an additional 581,118 shares in the last quarter. Finally, Oliver Luxxe Assets LLC bought a new position in Kyndryl during the 1st quarter valued at about $3,301,000. 71.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Kyndryl Stock Down 1.4%

NYSE KD traded down $0.45 during trading on Thursday, hitting $31.56. The company's stock had a trading volume of 571,876 shares, compared to its average volume of 2,344,380. 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 Holdings, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $44.20. The company has a market cap of $7.29 billion, a PE ratio of 26.11, a P/E/G ratio of 3.47 and a beta of 1.89. The business's 50 day simple moving average is $35.97 and its 200-day simple moving average is $35.87.

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