Kyndryl Holdings, Inc. $KD Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,174 shares of the company’s stock after selling 483 shares during the quarter. IFP Advisors Inc’s holdings in Kyndryl were worth $91,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of Kyndryl by 91.8% during the first quarter. Farther Finance Advisors LLC now owns 1,519 shares of the company’s stock worth $49,000 after purchasing an additional 727 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Kyndryl by 44.1% during the first quarter. GAMMA Investing LLC now owns 4,322 shares of the company’s stock worth $136,000 after purchasing an additional 1,323 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Kyndryl by 121.8% during the first quarter. Janney Montgomery Scott LLC now owns 20,750 shares of the company’s stock worth $652,000 after purchasing an additional 11,395 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Kyndryl by 2.9% during the first quarter. State of Alaska Department of Revenue now owns 27,257 shares of the company’s stock worth $855,000 after purchasing an additional 775 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Kyndryl during the first quarter worth $204,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

Shares of Kyndryl stock opened at $27.65 on Monday. Kyndryl Holdings, Inc. has a twelve month low of $22.68 and a twelve month high of $44.20. The stock has a market capitalization of $6.39 billion, a P/E ratio of 22.85, a PEG ratio of 3.09 and a beta of 1.85. 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 business’s fifty day moving average price is $30.66 and its 200 day moving average price is $34.72.

Kyndryl (NYSE:KD) last issued its earnings results 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. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the firm earned $0.13 earnings per share. The firm’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, research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on KD. Zacks Research cut Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Morgan Stanley began coverage on Kyndryl in a report on Friday, September 26th. They set an “equal weight” rating and a $30.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Wall Street Zen cut Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Finally, Oppenheimer lifted their target price on Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $42.00.

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.