Neo Ivy Capital Management Purchases New Holdings in Kyndryl Holdings, Inc. $KD

Neo Ivy Capital Management bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the second quarter, Holdings Channel reports. The firm bought 35,011 shares of the company’s stock, valued at approximately $1,469,000.

Several other institutional investors and hedge funds have also bought and sold shares of KD. Quarry LP purchased a new stake in Kyndryl in the 1st quarter worth about $28,000. ST Germain D J Co. Inc. increased its holdings in Kyndryl by 135.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock worth $28,000 after acquiring an additional 384 shares during the period. Compass Financial Services Inc purchased a new stake in shares of Kyndryl in the first quarter worth $30,000. Virtus Advisers LLC bought a new stake in shares of Kyndryl during the 1st quarter valued at about $31,000. Finally, SSA Swiss Advisors AG bought a new stake in Kyndryl during the first quarter valued at approximately $32,000. 71.53% of the stock is owned by institutional investors.

Kyndryl Stock Up 0.4%

Kyndryl stock opened at $23.67 on Friday. Kyndryl Holdings, Inc. has a 12 month low of $23.28 and a 12 month high of $44.20. The stock has a fifty day simple moving average of $28.56 and a two-hundred day simple moving average of $34.11. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.24. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 2.61 and a beta of 1.84.

Kyndryl (NYSE:KD) last posted its 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. Kyndryl had a net margin of 2.71% and a return on equity of 25.76%. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the business earned $0.01 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. Equities analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KD. JPMorgan Chase & Co. reduced their price objective on Kyndryl from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Zacks Research raised shares of Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Susquehanna set a $35.00 target price on Kyndryl in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Finally, Morgan Stanley assumed coverage on shares of Kyndryl in a report on Friday, September 26th. They set an “equal weight” rating and a $30.00 target price on the stock. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.00.

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.