Swiss National Bank Lowers Position in Kyndryl Holdings, Inc. $KD

Swiss National Bank reduced its position in Kyndryl Holdings, Inc. (NYSE:KD) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 444,600 shares of the company’s stock after selling 5,400 shares during the quarter. Swiss National Bank’s holdings in Kyndryl were worth $18,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Kyndryl in the first quarter valued at $28,000. ST Germain D J Co. Inc. boosted its stake in shares of 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 in the last quarter. Compass Financial Services Inc acquired a new stake in shares of Kyndryl during the 1st quarter valued at about $30,000. Virtus Advisers LLC purchased a new position in shares of Kyndryl in the 1st quarter valued at about $31,000. Finally, SSA Swiss Advisors AG acquired a new position in Kyndryl in the 1st quarter worth about $32,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Price Performance

Shares of NYSE KD opened at $25.51 on Thursday. The firm has a 50-day simple moving average of $28.00 and a 200-day simple moving average of $33.83. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 15.09 and a beta of 1.84. Kyndryl Holdings, Inc. has a 52 week low of $23.28 and a 52 week high of $44.20.

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

Analysts Set New Price Targets

KD has been the topic of several research analyst reports. Zacks Research raised Kyndryl from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Susquehanna set a $35.00 price target on shares of Kyndryl in a research note on Thursday, November 6th. JPMorgan Chase & Co. reduced their price objective on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Guggenheim raised shares of Kyndryl to a “strong-buy” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

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.