Rockefeller Capital Management L.P. Trims Stock Position in Kyndryl Holdings, Inc. $KD

Rockefeller Capital Management L.P. decreased its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 97.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,144 shares of the company’s stock after selling 397,840 shares during the period. Rockefeller Capital Management L.P.’s holdings in Kyndryl were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KD. Nuveen LLC purchased a new stake in Kyndryl in the first quarter valued at $30,466,000. GMT Capital Corp lifted its holdings in shares of Kyndryl by 24.2% in the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock valued at $115,924,000 after purchasing an additional 718,300 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Kyndryl by 444.1% in the 1st quarter. MetLife Investment Management LLC now owns 711,965 shares of the company’s stock valued at $22,356,000 after purchasing an additional 581,118 shares during the period. Cinctive Capital Management LP grew its stake in Kyndryl by 65.9% during the 1st quarter. Cinctive Capital Management LP now owns 786,112 shares of the company’s stock worth $24,684,000 after buying an additional 312,326 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new position in Kyndryl during the first quarter worth approximately $8,319,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Performance

NYSE:KD opened at $25.51 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 15.09 and a beta of 1.84. The firm’s fifty day moving average price is $27.88 and its 200 day moving average price is $33.77. Kyndryl Holdings, Inc. has a 1-year low of $23.28 and a 1-year high of $44.20.

Kyndryl (NYSE:KD) last released its earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, topping 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 company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter last year, the business earned $0.01 EPS. The business’s revenue was down 1.4% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. On average, sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KD. Guggenheim raised Kyndryl to a “strong-buy” rating in a report on Wednesday. Susquehanna set a $35.00 price target on shares of Kyndryl in a research report on Thursday, November 6th. Morgan Stanley assumed coverage on shares of Kyndryl in a research note on Friday, September 26th. They set an “equal weight” rating and a $30.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Zacks Research upgraded shares of Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.00.

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.