Neo Ivy Capital Management Acquires New Stake in Kyndryl Holdings, Inc. $KD

Neo Ivy Capital Management acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,011 shares of the company’s stock, valued at approximately $1,469,000.

A number of other hedge funds have also added to or reduced their stakes in KD. Magnetar Financial LLC bought a new position in shares of Kyndryl in the 1st quarter valued at about $943,000. Landscape Capital Management L.L.C. bought a new stake in shares of Kyndryl during the 1st quarter worth about $605,000. Raymond James Financial Inc. grew its position in shares of Kyndryl by 10.6% in the first quarter. Raymond James Financial Inc. now owns 363,043 shares of the company’s stock valued at $11,400,000 after purchasing an additional 34,735 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Kyndryl by 29.0% in the 1st quarter. Hsbc Holdings PLC now owns 38,094 shares of the company’s stock valued at $1,190,000 after buying an additional 8,559 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in Kyndryl by 56.2% during the first quarter. Voya Investment Management LLC now owns 71,664 shares of the company’s stock worth $2,250,000 after acquiring an additional 25,784 shares during the period. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

NYSE KD opened at $23.67 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.24. The company has a fifty day simple moving average of $28.56 and a 200 day simple moving average of $34.11. The company has a market cap of $5.41 billion, a P/E ratio of 14.00, a PEG ratio of 2.61 and a beta of 1.84. Kyndryl Holdings, Inc. has a 12-month low of $23.28 and a 12-month high of $44.20.

Kyndryl (NYSE:KD) last posted its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 EPS. Kyndryl has set its FY 2026 guidance at EPS. Sell-side analysts predict that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on KD shares. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Susquehanna set a $35.00 target price on shares of Kyndryl in a research report on Thursday, November 6th. JPMorgan Chase & Co. reduced their price target on Kyndryl from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Zacks Research upgraded Kyndryl from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. 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 price target for the company. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kyndryl presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

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.