Bleakley Financial Group LLC Sells 371 Shares of Kyndryl Holdings, Inc. $KD

Bleakley Financial Group LLC cut its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,659 shares of the company’s stock after selling 371 shares during the period. Bleakley Financial Group LLC’s holdings in Kyndryl were worth $573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Kyndryl by 6.2% during the second quarter. GAMMA Investing LLC now owns 4,590 shares of the company’s stock worth $193,000 after purchasing an additional 268 shares during the last quarter. MAI Capital Management lifted its stake in Kyndryl by 12.7% during the first quarter. MAI Capital Management now owns 2,641 shares of the company’s stock worth $83,000 after purchasing an additional 297 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Kyndryl by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 65,500 shares of the company’s stock worth $2,748,000 after purchasing an additional 300 shares during the last quarter. Intech Investment Management LLC lifted its stake in Kyndryl by 0.5% during the first quarter. Intech Investment Management LLC now owns 66,751 shares of the company’s stock worth $2,096,000 after purchasing an additional 318 shares during the last quarter. Finally, Sky Investment Group LLC lifted its stake in Kyndryl by 0.4% during the second quarter. Sky Investment Group LLC now owns 103,720 shares of the company’s stock worth $4,352,000 after purchasing an additional 370 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Stock Up 0.2%

Shares of NYSE:KD opened at $28.51 on Monday. The firm has a market cap of $6.59 billion, a P/E ratio of 23.56, a P/E/G ratio of 3.19 and a beta of 1.85. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 12-month low of $22.68 and a 12-month high of $44.20. The business has a fifty day simple moving average of $30.51 and a 200 day simple moving average of $34.71.

Kyndryl (NYSE:KD) last announced its earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.Kyndryl’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen cut Kyndryl from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kyndryl in a research note on Saturday. Zacks Research cut Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Morgan Stanley assumed coverage on Kyndryl in a research note on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price target for the company. Finally, Oppenheimer increased their price target on Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently 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.