Reliant Investment Partners LLC Invests $629,000 in Kyndryl Holdings, Inc. $KD

Reliant Investment Partners LLC bought a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 14,989 shares of the company’s stock, valued at approximately $629,000.

Several other hedge funds also recently bought and sold shares of KD. Hollencrest Capital Management raised its holdings in Kyndryl by 637.7% during the first quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock valued at $28,000 after acquiring an additional 778 shares during the period. Quarry LP purchased a new stake in shares of Kyndryl during the first quarter worth about $28,000. ST Germain D J Co. Inc. grew its position in shares of Kyndryl by 135.2% during the second quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Compass Financial Services Inc bought a new stake in Kyndryl during the 1st quarter valued at approximately $30,000. Finally, Virtus Advisers LLC purchased a new position in Kyndryl in the 1st quarter worth approximately $31,000. Institutional investors own 71.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KD shares. Zacks Research lowered shares of Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Oppenheimer lifted their target price on Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Wall Street Zen lowered Kyndryl from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Finally, Morgan Stanley began coverage on Kyndryl in a report on Friday, September 26th. They set an “equal weight” rating and a $30.00 price target for the company. Three research 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.00.

Kyndryl Stock Up 1.5%

Shares of NYSE:KD opened at $28.93 on Tuesday. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 3.19 and a beta of 1.85. Kyndryl Holdings, Inc. has a 12 month low of $22.68 and a 12 month high of $44.20. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. The company has a 50-day moving average price of $30.48 and a 200 day moving average price of $34.69.

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

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.