Ameritas Advisory Services LLC Takes Position in Kyndryl Holdings, Inc. $KD

Ameritas Advisory Services LLC bought a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,454 shares of the company’s stock, valued at approximately $61,000.

Other hedge funds have also recently made changes to their positions in the company. Magnetar Financial LLC purchased a new position in shares of Kyndryl during the first quarter valued at approximately $943,000. Landscape Capital Management L.L.C. purchased a new position in shares of Kyndryl during the first quarter valued at approximately $605,000. Raymond James Financial Inc. increased its stake in shares of Kyndryl by 10.6% during the first quarter. Raymond James Financial Inc. now owns 363,043 shares of the company’s stock valued at $11,400,000 after buying an additional 34,735 shares during the period. Hsbc Holdings PLC increased its stake in shares of Kyndryl by 29.0% during the first quarter. Hsbc Holdings PLC now owns 38,094 shares of the company’s stock valued at $1,190,000 after buying an additional 8,559 shares during the period. Finally, Voya Investment Management LLC increased its stake in shares of Kyndryl by 56.2% during the first quarter. Voya Investment Management LLC now owns 71,664 shares of the company’s stock valued at $2,250,000 after buying an additional 25,784 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Zacks Research lowered Kyndryl from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Wall Street Zen lowered Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Oppenheimer lifted their price target on Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley began coverage on Kyndryl in a research report on Friday, September 26th. They set an “equal weight” rating and a $30.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.00.

Kyndryl Trading Down 6.9%

NYSE KD opened at $27.71 on Monday. Kyndryl Holdings, Inc. has a 12 month low of $22.68 and a 12 month high of $44.20. The stock has a market cap of $6.41 billion, a P/E ratio of 22.90, a P/E/G ratio of 3.10 and a beta of 1.85. The stock’s fifty day moving average price is $31.01 and its 200-day moving average price is $34.86. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24.

Kyndryl (NYSE:KD) last released its earnings results on Monday, August 4th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. As a group, equities analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Kyndryl Company 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.