6,150 Shares in Kyndryl Holdings, Inc. $KD Acquired by Praxis Investment Management Inc.

Praxis Investment Management Inc. bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,150 shares of the company’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KD. Nuveen LLC bought a new stake in Kyndryl during the 1st quarter worth approximately $30,466,000. GMT Capital Corp increased its holdings in Kyndryl by 24.2% during the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock worth $115,924,000 after acquiring an additional 718,300 shares during the period. MetLife Investment Management LLC increased its holdings in Kyndryl by 444.1% during the 1st quarter. MetLife Investment Management LLC now owns 711,965 shares of the company’s stock worth $22,356,000 after acquiring an additional 581,118 shares during the period. Cinctive Capital Management LP increased its holdings in Kyndryl by 65.9% during the 1st quarter. Cinctive Capital Management LP now owns 786,112 shares of the company’s stock worth $24,684,000 after acquiring an additional 312,326 shares during the period. Finally, Jag Capital Management LLC increased its holdings in Kyndryl by 3,273.7% during the 1st quarter. Jag Capital Management LLC now owns 285,450 shares of the company’s stock worth $8,963,000 after acquiring an additional 276,989 shares during the period. Institutional investors own 71.53% of the company’s stock.

Kyndryl Price Performance

KD stock opened at $27.65 on Friday. 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 Holdings, Inc. has a 52 week low of $22.68 and a 52 week high of $44.20. The firm’s fifty day moving average is $30.66 and its 200 day moving average is $34.69. The firm has a market cap of $6.39 billion, a P/E ratio of 22.85, a P/E/G ratio of 3.09 and a beta of 1.85.

Kyndryl (NYSE:KD) 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. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. Research analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of 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 shares of Kyndryl in a report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price target on the stock. Zacks Research lowered shares of Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.00.

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.