Clifford Swan Investment Counsel LLC Trims Stock Holdings in Kyndryl Holdings, Inc. $KD

Clifford Swan Investment Counsel LLC lowered its position in Kyndryl Holdings, Inc. (NYSE:KD) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,773 shares of the company’s stock after selling 2,987 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Kyndryl were worth $1,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KD. Nuveen LLC purchased a new stake in Kyndryl in the first quarter valued at approximately $30,466,000. GMT Capital Corp lifted its stake in Kyndryl by 24.2% in the first quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock valued at $115,924,000 after buying an additional 718,300 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Kyndryl by 444.1% in the first quarter. MetLife Investment Management LLC now owns 711,965 shares of the company’s stock valued at $22,356,000 after buying an additional 581,118 shares during the last quarter. Cinctive Capital Management LP lifted its stake in Kyndryl by 65.9% in the first quarter. Cinctive Capital Management LP now owns 786,112 shares of the company’s stock valued at $24,684,000 after buying an additional 312,326 shares during the last quarter. Finally, Jag Capital Management LLC lifted its stake in Kyndryl by 3,273.7% in the first quarter. Jag Capital Management LLC now owns 285,450 shares of the company’s stock valued at $8,963,000 after buying an additional 276,989 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KD shares. Oppenheimer boosted their target price on Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. Wall Street Zen lowered Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Zacks Research lowered Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, Morgan Stanley started coverage on Kyndryl in a report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 target price on the stock. 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 stock. Based on data from MarketBeat, Kyndryl currently has a consensus rating of “Hold” and a consensus price target of $42.00.

Kyndryl Trading Up 0.5%

Shares of KD stock opened at $28.44 on Friday. The business’s fifty day moving average price is $30.54 and its 200 day moving average price is $34.63. Kyndryl Holdings, Inc. has a 1-year low of $22.68 and a 1-year high of $44.20. The firm has a market capitalization of $6.57 billion, a PE ratio of 23.50, a P/E/G ratio of 3.17 and a beta of 1.85. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05.

Kyndryl (NYSE:KD) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. Kyndryl’s quarterly revenue was up .1% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

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.