Violich Capital Management Inc. Invests $200,000 in Kyndryl Holdings, Inc. $KD

Violich Capital Management Inc. bought a new position in Kyndryl Holdings, Inc. (NYSE:KD) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,770 shares of the company’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. boosted its stake in shares of Kyndryl by 135.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock worth $28,000 after buying an additional 384 shares during the last quarter. Quarry LP bought a new stake in shares of Kyndryl in the 1st quarter worth approximately $28,000. Hollencrest Capital Management raised its holdings in shares of Kyndryl by 637.7% in the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock worth $28,000 after purchasing an additional 778 shares during the period. Compass Financial Services Inc bought a new stake in shares of Kyndryl in the 1st quarter worth approximately $30,000. Finally, Virtus Advisers LLC bought a new stake in shares of Kyndryl in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kyndryl Stock Up 0.5%

KD opened at $27.65 on Friday. The company has a fifty day moving average price of $30.66 and a 200-day moving average price of $34.69. The firm has a market capitalization of $6.39 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 3.09 and a beta of 1.85. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. Kyndryl Holdings, Inc. has a one year low of $22.68 and a one year high of $44.20.

Kyndryl (NYSE:KD) last released its quarterly earnings results on Monday, August 4th. The company reported $0.37 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 net margin of 1.97% and a return on equity of 19.88%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Equities research analysts expect 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.