Flagship Harbor Advisors LLC Makes New $208,000 Investment in Kyndryl Holdings, Inc. $KD

Flagship Harbor Advisors LLC bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the second quarter, Holdings Channel reports. The firm bought 4,956 shares of the company’s stock, valued at approximately $208,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hollencrest Capital Management boosted its position in shares of Kyndryl by 637.7% in 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 bought a new stake in shares of Kyndryl in the first quarter valued at approximately $28,000. ST Germain D J Co. Inc. boosted its position in shares of Kyndryl by 135.2% in the second quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock valued at $28,000 after acquiring an additional 384 shares during the period. Compass Financial Services Inc bought a new stake in shares of Kyndryl in the first quarter valued at approximately $30,000. Finally, Virtus Advisers LLC bought a new stake in shares of Kyndryl in the first quarter valued at approximately $31,000. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

Shares of NYSE KD opened at $28.90 on Friday. The business has a fifty day simple moving average of $30.33 and a 200 day simple moving average of $34.66. 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 firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 3.24 and a beta of 1.85. Kyndryl Holdings, Inc. has a one year low of $22.68 and a one year high of $44.20.

Kyndryl (NYSE:KD) last issued its 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 business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.During the same period in the prior year, the company posted $0.13 earnings per share. Kyndryl’s revenue was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. Sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KD shares. Morgan Stanley started coverage on Kyndryl in a research report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price objective for the company. Zacks Research cut Kyndryl from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Wall Street Zen cut Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Finally, Oppenheimer upped their target price on Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Kyndryl presently has an average rating of “Hold” and a consensus price target of $42.00.

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.