KBC Group NV Sells 3,601 Shares of Kyndryl Holdings, Inc. $KD

KBC Group NV decreased its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 36.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,407 shares of the company’s stock after selling 3,601 shares during the period. KBC Group NV’s holdings in Kyndryl were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KD. Quarry LP bought a new position in Kyndryl during the 1st quarter valued at approximately $28,000. ST Germain D J Co. Inc. grew its stake 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 worth $28,000 after acquiring an additional 384 shares during the last quarter. Compass Financial Services Inc bought a new position in shares of Kyndryl during the first quarter valued at $30,000. Virtus Advisers LLC purchased a new position in shares of Kyndryl in the 1st quarter worth about $31,000. Finally, SSA Swiss Advisors AG bought a new position in Kyndryl in the 1st quarter worth about $32,000. 71.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KD. Zacks Research upgraded shares of Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Susquehanna set a $35.00 price objective on Kyndryl in a research report on Thursday, November 6th. Morgan Stanley began coverage on Kyndryl in a research note on Friday, September 26th. They set an “equal weight” rating and a $30.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Kyndryl currently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Kyndryl Stock Down 2.1%

Shares of Kyndryl stock opened at $23.63 on Wednesday. Kyndryl Holdings, Inc. has a twelve month low of $23.30 and a twelve month high of $44.20. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.24. The company’s 50 day moving average is $28.92 and its 200 day moving average is $34.26. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 2.67 and a beta of 1.84.

Kyndryl (NYSE:KD) last posted its earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.84 billion. Kyndryl had a net margin of 2.71% and a return on equity of 25.76%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. Kyndryl has set its FY 2026 guidance at EPS. Research analysts anticipate 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.