Russell Investments Group Ltd. Sells 192,828 Shares of Kyndryl Holdings, Inc. $KD

Russell Investments Group Ltd. decreased its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 26.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 547,812 shares of the company’s stock after selling 192,828 shares during the quarter. Russell Investments Group Ltd.’s holdings in Kyndryl were worth $22,986,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP bought a new position in Kyndryl in the first quarter valued at about $28,000. ST Germain D J Co. Inc. increased its stake in shares of Kyndryl by 135.2% in the second quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock valued at $28,000 after buying an additional 384 shares during the period. Compass Financial Services Inc bought a new position in Kyndryl in the 1st quarter valued at approximately $30,000. Virtus Advisers LLC acquired a new stake in Kyndryl during the 1st quarter worth approximately $31,000. Finally, Assetmark Inc. boosted its position in Kyndryl by 75.3% during the 2nd quarter. Assetmark Inc. now owns 775 shares of the company’s stock worth $33,000 after buying an additional 333 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

KD stock opened at $25.83 on Friday. 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 firm has a market cap of $5.90 billion, a price-to-earnings ratio of 15.28 and a beta of 1.84. The company’s fifty day simple moving average is $27.77 and its 200 day simple moving average is $33.63. Kyndryl Holdings, Inc. has a 12-month low of $23.28 and a 12-month high of $44.20.

Kyndryl (NYSE:KD) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.84 billion. Kyndryl had a return on equity of 25.76% and a net margin of 2.71%.The business’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.01 EPS. Kyndryl has set its FY 2026 guidance at EPS. On average, analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target 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. Susquehanna set a $35.00 price objective on Kyndryl in a report on Thursday, November 6th. 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. Finally, Guggenheim upgraded Kyndryl to a “strong-buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.