Kyndryl Holdings, Inc. $KD Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 8.5% in the second quarter, HoldingsChannel.com reports. The fund owned 1,990,496 shares of the company’s stock after selling 184,493 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Kyndryl were worth $83,521,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KD. ST Germain D J Co. Inc. raised its position in shares of Kyndryl by 135.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock worth $28,000 after purchasing an additional 384 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Kyndryl during the first quarter worth $27,000. Quarry LP acquired a new position in shares of Kyndryl in the first quarter worth $28,000. Hollencrest Capital Management lifted its position in shares of Kyndryl by 637.7% in the first quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock valued at $28,000 after acquiring an additional 778 shares in the last quarter. Finally, Compass Financial Services Inc acquired a new stake in shares of Kyndryl during the first quarter valued at $30,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Morgan Stanley assumed coverage on shares of Kyndryl in a research note on Friday, September 26th. They set an “equal weight” rating and a $30.00 price objective on the stock. Oppenheimer lifted their target price on shares of Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th. Zacks Research lowered Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Finally, Wall Street Zen cut Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.00.

Kyndryl Stock Performance

Shares of KD stock opened at $28.03 on Tuesday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 3.10 and a beta of 1.85. Kyndryl Holdings, Inc. has a one year low of $22.68 and a one year high of $44.20. The company has a 50 day moving average price of $30.84 and a 200 day moving average price of $34.84.

Kyndryl (NYSE:KD) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

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.