Convergence Investment Partners LLC Invests $2.63 Million in Kyndryl Holdings, Inc. $KD

Convergence Investment Partners LLC bought a new position in Kyndryl Holdings, Inc. (NYSE:KD) during the 2nd quarter, Holdings Channel reports. The fund bought 62,559 shares of the company’s stock, valued at approximately $2,625,000.

Several other large investors have also recently made changes to their positions in KD. GAMMA Investing LLC increased its holdings in shares of Kyndryl by 44.1% in the first quarter. GAMMA Investing LLC now owns 4,322 shares of the company’s stock worth $136,000 after purchasing an additional 1,323 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Kyndryl by 121.8% in the first quarter. Janney Montgomery Scott LLC now owns 20,750 shares of the company’s stock worth $652,000 after purchasing an additional 11,395 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Kyndryl in the first quarter worth about $204,000. Cambridge Investment Research Advisors Inc. increased its stake in Kyndryl by 19.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,591 shares of the company’s stock worth $741,000 after acquiring an additional 3,894 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in Kyndryl by 107.9% during the first quarter. Private Trust Co. NA now owns 1,021 shares of the company’s stock worth $32,000 after acquiring an additional 530 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Kyndryl Stock Up 0.2%

Shares of NYSE KD opened at $28.51 on Monday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 3.19 and a beta of 1.85. The stock has a 50 day moving average price of $30.51 and a 200 day moving average price of $34.71. Kyndryl Holdings, Inc. has a 52-week low of $22.68 and a 52-week high of $44.20.

Kyndryl (NYSE:KD) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.Kyndryl’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. Sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current 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.