VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 34,018 Kyndryl Holdings, Inc. $KD

Key Points

• Virginia Retirement Systems purchased 34,018 shares of Kyndryl Holdings, Inc. (NYSE:KD) for approximately $1,427,000 in the 2nd quarter, indicating growing institutional interest in the company.
• Analysts have set a consensus target price of $42.00 for Kyndryl, with ratings ranging from "Buy" to "Strong Sell," reflecting mixed sentiment about the stock's future performance.
• Kyndryl reported an EPS of $0.37 for the most recent quarter, slightly exceeding expectations, but revenue fell short of projections, revealing challenges in revenue growth.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 34,018 shares of the company's stock, valued at approximately $1,427,000.

Several other large investors have also recently added to or reduced their stakes in KD. Nuveen LLC acquired a new position in shares of Kyndryl in the 1st quarter worth approximately $30,466,000. GMT Capital Corp raised its holdings in shares of Kyndryl by 24.2% in the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company's stock worth $115,924,000 after buying an additional 718,300 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Kyndryl by 444.1% in the 1st 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. Cinctive Capital Management LP raised its holdings in shares of Kyndryl by 65.9% in the 1st quarter. Cinctive Capital Management LP now owns 786,112 shares of the company's stock worth $24,684,000 after buying an additional 312,326 shares in the last quarter. Finally, Jag Capital Management LLC raised its holdings in shares of Kyndryl by 3,273.7% in the 1st quarter. Jag Capital Management LLC now owns 285,450 shares of the company's stock worth $8,963,000 after buying an additional 276,989 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KD shares. Weiss Ratings reissued a "hold (c)" rating on shares of Kyndryl in a report on Wednesday, October 8th. Oppenheimer increased 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. Morgan Stanley started coverage on Kyndryl in a report on Friday, September 26th. They issued an "equal weight" rating and a $30.00 target price for the company. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Zacks Research cut Kyndryl from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.00.

Kyndryl Stock Down 1.2%

NYSE KD opened at $28.30 on Thursday. The stock has a fifty day moving average of $30.57 and a 200-day moving average of $34.63. The stock has a market capitalization of $6.54 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 3.21 and a beta of 1.85. Kyndryl Holdings, Inc. has a 52 week low of $22.68 and a 52 week high of $44.20. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05.

Kyndryl (NYSE:KD - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $3.74 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current 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.

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