Midwest Trust Co Acquires New Position in Kyndryl Holdings, Inc. $KD

Midwest Trust Co acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,727 shares of the company’s stock, valued at approximately $366,000.

Other hedge funds also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. lifted 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 valued at $28,000 after acquiring an additional 384 shares during the period. Assetmark Inc. lifted its holdings in Kyndryl by 75.3% in the 2nd quarter. Assetmark Inc. now owns 775 shares of the company’s stock valued at $33,000 after purchasing an additional 333 shares in the last quarter. Quarry LP acquired a new stake in Kyndryl during the first quarter worth approximately $28,000. Hollencrest Capital Management grew 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 purchasing an additional 778 shares during the period. Finally, Compass Financial Services Inc acquired a new position in shares of Kyndryl during the 1st quarter valued at about $30,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KD. Weiss Ratings reissued a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Zacks Research cut Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Susquehanna set a $35.00 price target on Kyndryl in a research report on Thursday, November 6th. Morgan Stanley started coverage on Kyndryl in a research note on Friday, September 26th. They set an “equal weight” rating and a $30.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on Kyndryl from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.00.

Kyndryl Stock Up 2.4%

Shares of NYSE KD opened at $26.29 on Thursday. The stock has a fifty day moving average price of $29.55 and a 200 day moving average price of $34.46. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 12-month low of $24.49 and a 12-month high of $44.20. The company has a market cap of $6.01 billion, a P/E ratio of 15.55, a P/E/G ratio of 2.85 and a beta of 1.84.

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