Russell Investments Group Ltd. Has $22.99 Million Position in Kyndryl Holdings, Inc. $KD

Russell Investments Group Ltd. decreased its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 26.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 547,812 shares of the company’s stock after selling 192,828 shares during the period. Russell Investments Group Ltd. owned 0.24% of Kyndryl worth $22,986,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Kyndryl by 6.2% in the second quarter. GAMMA Investing LLC now owns 4,590 shares of the company’s stock valued at $193,000 after acquiring an additional 268 shares in the last quarter. MAI Capital Management boosted its holdings in Kyndryl by 12.7% in the 1st quarter. MAI Capital Management now owns 2,641 shares of the company’s stock valued at $83,000 after purchasing an additional 297 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Kyndryl by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 65,500 shares of the company’s stock worth $2,748,000 after purchasing an additional 300 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Kyndryl by 0.5% during the first quarter. Intech Investment Management LLC now owns 66,751 shares of the company’s stock worth $2,096,000 after purchasing an additional 318 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Kyndryl by 75.3% during the second quarter. Assetmark Inc. now owns 775 shares of the company’s stock worth $33,000 after purchasing an additional 333 shares during the period. 71.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Susquehanna set a $35.00 price target on Kyndryl in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Morgan Stanley assumed coverage on Kyndryl in a research report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price target on the stock. Zacks Research raised Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Guggenheim upgraded shares of Kyndryl to a “strong-buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Kyndryl Price Performance

Kyndryl stock opened at $25.83 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.02 and a current ratio of 1.02. Kyndryl Holdings, Inc. has a 52 week low of $23.28 and a 52 week high of $44.20. The stock has a market capitalization of $5.90 billion, a P/E ratio of 15.28 and a beta of 1.84. The stock has a fifty day moving average of $27.77 and a 200-day moving average of $33.63.

Kyndryl (NYSE:KD) last released its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Kyndryl had a return on equity of 25.76% and a net margin of 2.71%.The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. On average, sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

About Kyndryl

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.