Bleakley Financial Group LLC Sells 371 Shares of Kyndryl Holdings, Inc. $KD

Bleakley Financial Group LLC lessened its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 2.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,659 shares of the company’s stock after selling 371 shares during the period. Bleakley Financial Group LLC’s holdings in Kyndryl were worth $573,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also 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 worth $28,000 after acquiring an additional 778 shares in the last quarter. Quarry LP bought a new stake in Kyndryl during the first quarter worth about $28,000. ST Germain D J Co. Inc. raised its holdings in 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 acquiring an additional 384 shares in the last quarter. Compass Financial Services Inc bought a new stake in Kyndryl during the first quarter worth about $30,000. Finally, Virtus Advisers LLC bought a new stake in Kyndryl during the first quarter worth about $31,000. Institutional investors own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kyndryl Price Performance

Kyndryl stock opened at $28.51 on Monday. Kyndryl Holdings, Inc. has a 12 month low of $22.68 and a 12 month high of $44.20. The stock’s 50 day moving average is $30.51 and its 200-day moving average is $34.71. 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 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.

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