KBC Group NV Sells 3,601 Shares of Kyndryl Holdings, Inc. $KD

KBC Group NV trimmed its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 36.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,407 shares of the company’s stock after selling 3,601 shares during the quarter. KBC Group NV’s holdings in Kyndryl were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KD. Nuveen LLC purchased a new position in shares of Kyndryl during the 1st quarter worth $30,466,000. GMT Capital Corp grew its holdings in Kyndryl by 24.2% during the first 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 period. MetLife Investment Management LLC increased its position in Kyndryl by 444.1% in the first quarter. MetLife Investment Management LLC now owns 711,965 shares of the company’s stock worth $22,356,000 after buying an additional 581,118 shares in the last quarter. Cinctive Capital Management LP raised its stake in shares of Kyndryl by 65.9% in the first 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 period. Finally, Cookson Peirce & Co. Inc. purchased a new position in shares of Kyndryl during the 1st quarter valued at about $8,319,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KD. Zacks Research raised shares of Kyndryl from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. JPMorgan Chase & Co. dropped 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 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 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Kyndryl has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Kyndryl Trading Down 2.1%

KD stock opened at $23.63 on Wednesday. The firm has a fifty day moving average price of $28.92 and a 200 day moving average price of $34.26. Kyndryl Holdings, Inc. has a fifty-two week low of $23.30 and a fifty-two week high of $44.20. The firm has a market cap of $5.40 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 2.67 and a beta of 1.84. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.02 and a current ratio of 1.02.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, beating 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 business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the business earned $0.01 earnings per share. Kyndryl’s quarterly revenue was down 1.4% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

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.