Vident Advisory LLC Raises Stock Holdings in Kyndryl Holdings, Inc. $KD

Key Points

• Vident Advisory LLC increased its stake in Kyndryl Holdings, Inc. by 133.2% in Q1, now owning 386,399 shares worth approximately $12.13 million.
• Kyndryl recently reported earnings of $0.37 per share, beating expectations, though revenue of $3.74 billion fell short of the forecast of $3.83 billion.
• Analysts maintain a mostly "Buy" rating on Kyndryl, with Oppenheimer raising its price target from $47 to $55.

Vident Advisory LLC increased its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 133.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 386,399 shares of the company's stock after purchasing an additional 220,706 shares during the quarter. Vident Advisory LLC owned approximately 0.17% of Kyndryl worth $12,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KD. Opal Wealth Advisors LLC purchased a new stake in Kyndryl during the first quarter worth $27,000. Hollencrest Capital Management lifted its holdings in Kyndryl by 637.7% during the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock worth $28,000 after buying an additional 778 shares during the period. True Wealth Design LLC lifted its holdings in 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 buying an additional 524 shares during the period. Virtus Advisers LLC purchased a new stake in Kyndryl during the first quarter worth $31,000. Finally, Private Trust Co. NA lifted its holdings in Kyndryl by 107.9% during the first quarter. Private Trust Co. NA now owns 1,021 shares of the company's stock worth $32,000 after buying an additional 530 shares during the period. Institutional investors own 71.53% of the company's stock.

Wall Street Analyst Weigh In

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

Kyndryl Stock Down 2.1%

Shares of KD traded down $0.66 during midday trading on Tuesday, hitting $31.13. 1,965,957 shares of the company's stock traded hands, compared to its average volume of 2,353,576. Kyndryl Holdings, Inc. has a 1 year low of $22.26 and a 1 year high of $44.20. The firm's fifty day moving average is $36.35 and its 200-day moving average is $35.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 3.47 and a beta of 1.89.

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