Kyndryl (NYSE:KD) Announces Quarterly Earnings Results

Kyndryl (NYSE:KD) issued its earnings results on Wednesday. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.06, reports. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.73 billion. Kyndryl updated its FY 2025 guidance to EPS.

Kyndryl Stock Up 1.9 %

Shares of NYSE:KD traded up $0.53 during trading on Friday, reaching $28.08. 832,068 shares of the stock were exchanged, compared to its average volume of 1,665,288. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl has a 1-year low of $16.95 and a 1-year high of $28.60. The stock has a fifty day moving average of $23.68 and a two-hundred day moving average of $24.54. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of -33.59, a price-to-earnings-growth ratio of 5.66 and a beta of 1.63.

Institutional Investors Weigh In On Kyndryl

Large investors have recently made changes to their positions in the business. Texas Permanent School Fund Corp boosted its position in shares of Kyndryl by 2.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 201,384 shares of the company’s stock valued at $4,382,000 after acquiring an additional 4,301 shares during the last quarter. Duality Advisers LP bought a new stake in shares of Kyndryl in the 1st quarter worth approximately $1,020,000. ORG Partners LLC grew its position in shares of Kyndryl by 622.4% in the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock worth $31,000 after buying an additional 1,220 shares during the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in shares of Kyndryl in the 1st quarter worth approximately $16,588,000. Finally, Swiss National Bank boosted its position in shares of Kyndryl by 0.5% during the first quarter. Swiss National Bank now owns 453,100 shares of the company’s stock valued at $9,859,000 after purchasing an additional 2,100 shares in the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

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.