Intech Investment Management LLC Increases Holdings in Kyndryl Holdings, Inc. $KD

Intech Investment Management LLC lifted its position in Kyndryl Holdings, Inc. (NYSE:KD) by 31.6% during the 2nd quarter, Holdings Channel reports. The firm owned 87,833 shares of the company’s stock after acquiring an additional 21,082 shares during the period. Intech Investment Management LLC’s holdings in Kyndryl were worth $3,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers raised its position in shares of Kyndryl by 4.2% in the 2nd quarter. Cetera Investment Advisers now owns 31,565 shares of the company’s stock worth $1,324,000 after purchasing an additional 1,279 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Kyndryl by 7.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 59,786 shares of the company’s stock worth $2,509,000 after buying an additional 4,162 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Kyndryl by 21.0% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,080 shares of the company’s stock worth $716,000 after acquiring an additional 2,967 shares during the last quarter. Candriam S.C.A. purchased a new position in Kyndryl during the 2nd quarter valued at approximately $5,813,000. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of Kyndryl by 8.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 89,040 shares of the company’s stock valued at $3,736,000 after buying an additional 6,722 shares in the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KD has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Morgan Stanley initiated coverage on shares of Kyndryl in a research report on Friday, September 26th. They set an “equal weight” rating and a $30.00 target price on the stock. Zacks Research upgraded Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. cut their price target on Kyndryl from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Susquehanna set a $35.00 price target on shares of Kyndryl in a research report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Kyndryl Stock Down 2.1%

Shares of NYSE KD opened at $23.63 on Wednesday. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 2.67 and a beta of 1.84. Kyndryl Holdings, Inc. has a 1 year low of $23.30 and a 1 year high of $44.20. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $28.92 and a two-hundred day moving average of $34.26.

Kyndryl (NYSE:KD) last announced its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.84 billion. Kyndryl had a net margin of 2.71% and a return on equity of 25.76%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. On average, analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share 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.