Boston Partners Invests $8.74 Million in Kyndryl Holdings, Inc. $KD

Boston Partners purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 208,430 shares of the company’s stock, valued at approximately $8,741,000. Boston Partners owned approximately 0.09% of Kyndryl at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in shares of Kyndryl in the 1st quarter valued at $30,466,000. GMT Capital Corp increased its position in shares of 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 purchasing an additional 718,300 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of 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 purchasing an additional 581,118 shares in the last quarter. Cinctive Capital Management LP lifted 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 valued at $24,684,000 after purchasing an additional 312,326 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new position in Kyndryl in the first quarter valued at about $8,319,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Down 2.7%

NYSE KD opened at $25.61 on Friday. The stock has a market capitalization of $5.85 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 2.91 and a beta of 1.84. Kyndryl Holdings, Inc. has a 52 week low of $24.49 and a 52 week high of $44.20. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average of $29.43 and a 200-day moving average of $34.40.

Kyndryl (NYSE:KD) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.84 billion. Kyndryl had a return on equity of 25.76% and a net margin of 2.71%.The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share. 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.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Susquehanna set a $35.00 price target on Kyndryl in a report on Thursday, November 6th. Morgan Stanley initiated coverage on Kyndryl in a research report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price objective for the company. Finally, Zacks Research cut Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.00.

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.