Innealta Capital LLC Invests $315,000 in Kyndryl Holdings, Inc. $KD

Innealta Capital LLC purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,505 shares of the company’s stock, valued at approximately $315,000.

Other institutional investors have also added to or reduced their stakes in the company. GMT Capital Corp boosted its stake in Kyndryl by 24.2% in the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock worth $115,924,000 after purchasing an additional 718,300 shares during the period. Cortland Associates Inc. MO lifted its holdings in shares of Kyndryl by 0.4% in the first quarter. Cortland Associates Inc. MO now owns 2,131,738 shares of the company’s stock worth $66,937,000 after buying an additional 8,017 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Kyndryl by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 1,883,002 shares of the company’s stock valued at $59,126,000 after acquiring an additional 31,644 shares during the period. Adage Capital Partners GP L.L.C. grew its stake in Kyndryl by 5.4% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,265,000 shares of the company’s stock valued at $39,721,000 after acquiring an additional 65,000 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Kyndryl during the 1st quarter worth approximately $30,466,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

Shares of NYSE KD opened at $26.57 on Friday. The stock’s 50-day moving average is $30.00 and its 200 day moving average is $34.57. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 2.93 and a beta of 1.84. Kyndryl Holdings, Inc. has a 1-year low of $24.49 and a 1-year high of $44.20. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24.

Kyndryl (NYSE:KD) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Kyndryl had a net margin of 2.71% and a return on equity of 25.99%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $0.01 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KD. JPMorgan Chase & Co. decreased their price target on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday. Zacks Research cut Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Morgan Stanley assumed coverage on Kyndryl in a research report on Friday, September 26th. They set an “equal weight” rating and a $30.00 price target for the company. Susquehanna set a $35.00 price objective on Kyndryl in a report on Thursday. Finally, Wall Street Zen cut shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $40.00.

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.