Kyndryl Holdings, Inc. $KD Holdings Raised by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Kyndryl Holdings, Inc. by 56.2%, acquiring an additional 25,784 shares, bringing its total holdings to 71,664 shares worth approximately $2.25 million.
• Several institutional investors, including GMT Capital Corp and Bank of New York Mellon Corp, have also enhanced their positions in Kyndryl, indicating strong interest in the company.
• Kyndryl's recent quarterly earnings beat consensus estimates, reporting $0.37 earnings per share and a revenue of $3.74 billion, though it fell short of analysts' expectations of $3.83 billion.

Voya Investment Management LLC lifted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 56.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 71,664 shares of the company's stock after acquiring an additional 25,784 shares during the period. Voya Investment Management LLC's holdings in Kyndryl were worth $2,250,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Magnetar Financial LLC acquired a new stake in shares of Kyndryl in the first quarter valued at approximately $943,000. Landscape Capital Management L.L.C. acquired a new stake in Kyndryl in the 1st quarter valued at approximately $605,000. Raymond James Financial Inc. raised its stake in Kyndryl by 10.6% during the 1st quarter. Raymond James Financial Inc. now owns 363,043 shares of the company's stock valued at $11,400,000 after acquiring an additional 34,735 shares in the last quarter. Hsbc Holdings PLC raised its stake in Kyndryl by 29.0% during the 1st quarter. Hsbc Holdings PLC now owns 38,094 shares of the company's stock valued at $1,190,000 after acquiring an additional 8,559 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Kyndryl by 44.1% during the 1st quarter. GAMMA Investing LLC now owns 4,322 shares of the company's stock worth $136,000 after acquiring an additional 1,323 shares during the period. 71.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KD has been the topic of a number of recent analyst reports. 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 boosted their price target 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.com, the company presently has a consensus rating of "Buy" and an average price target of $46.00.

Kyndryl Price Performance

Shares of NYSE KD traded up $0.25 during trading on Monday, hitting $31.60. The company had a trading volume of 2,512,619 shares, compared to its average volume of 2,147,912. Kyndryl Holdings, Inc. has a 52 week low of $22.26 and a 52 week high of $44.20. The business's 50-day moving average is $33.40 and its 200 day moving average is $35.28. The company has a market cap of $7.30 billion, a P/E ratio of 30.74, a PEG ratio of 3.45 and a beta of 1.89. 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 issued its earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $3.74 billion for 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 company's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Equities research analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

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.