Poehling Capital Management INC. Invests $1.16 Million in Kyndryl Holdings, Inc. $KD

Poehling Capital Management INC. acquired a new stake in Kyndryl Holdings, Inc. (NYSE:KD) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 88,056 shares of the company’s stock, valued at approximately $1,155,000.

A number of other institutional investors also recently modified their holdings of KD. Vanguard Group Inc. grew its stake in shares of Kyndryl by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 28,331,302 shares of the company’s stock valued at $752,479,000 after buying an additional 144,625 shares during the period. AQR Capital Management LLC grew its stake in Kyndryl by 53.9% in the fourth quarter. AQR Capital Management LLC now owns 6,443,037 shares of the company’s stock valued at $170,934,000 after acquiring an additional 2,255,860 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Kyndryl by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,443 shares of the company’s stock valued at $124,420,000 after acquiring an additional 76,614 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Kyndryl by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 4,456,962 shares of the company’s stock valued at $118,997,000 after acquiring an additional 63,846 shares in the last quarter. Finally, Sound Shore Management Inc. CT lifted its holdings in shares of Kyndryl by 46.1% in the 4th quarter. Sound Shore Management Inc. CT now owns 2,974,223 shares of the company’s stock worth $78,995,000 after purchasing an additional 939,154 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

KD has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Kyndryl from $28.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, March 24th. BMO Capital Markets assumed coverage on Kyndryl in a research note on Monday, April 20th. They set a “market perform” rating and a $15.00 price target for the company. Susquehanna lowered Kyndryl from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $16.00 to $13.00 in a report on Thursday, May 21st. Scotiabank lowered their price objective on Kyndryl from $16.50 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Kyndryl in a report on Monday, June 15th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $22.14.

Kyndryl Trading Up 4.9%

NYSE:KD opened at $11.32 on Friday. Kyndryl Holdings, Inc. has a 52 week low of $10.10 and a 52 week high of $44.20. The firm has a 50-day moving average price of $12.29 and a two-hundred day moving average price of $16.64. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 13.32 and a beta of 1.66.

Kyndryl (NYSE:KD) last announced its earnings results on Wednesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.25). Kyndryl had a return on equity of 20.43% and a net margin of 1.31%.The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. Kyndryl’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts expect that Kyndryl Holdings, Inc. will post 1.54 earnings per share for the current fiscal year.

About Kyndryl

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.