Kyndryl Holdings, Inc. $KD Stock Bought by Capstone Capital Management Ltd

Capstone Capital Management Ltd grew its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 190.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,169 shares of the company’s stock after buying an additional 60,477 shares during the period. Capstone Capital Management Ltd’s holdings in Kyndryl were worth $1,038,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Western Wealth Management LLC bought a new position in shares of Kyndryl in the 1st quarter valued at approximately $29,000. Trust Co. of Vermont bought a new stake in Kyndryl during the second quarter worth approximately $25,000. Versant Capital Management Inc boosted its position in Kyndryl by 104.1% during the second quarter. Versant Capital Management Inc now owns 2,418 shares of the company’s stock worth $27,000 after purchasing an additional 1,233 shares during the period. NFSG Corp boosted its position in Kyndryl by 177.2% during the first quarter. NFSG Corp now owns 2,830 shares of the company’s stock worth $37,000 after purchasing an additional 1,809 shares during the period. Finally, IFP Advisors Inc grew its holdings in Kyndryl by 44.8% during the second quarter. IFP Advisors Inc now owns 3,256 shares of the company’s stock valued at $37,000 after purchasing an additional 1,008 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

NYSE:KD opened at $13.87 on Wednesday. Kyndryl Holdings, Inc. has a 12-month low of $10.10 and a 12-month high of $29.45. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $3.02 billion, a PE ratio of 19.82 and a beta of 1.66. The firm has a 50-day moving average price of $12.55 and a 200 day moving average price of $12.51.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. Kyndryl had a return on equity of 12.24% and a net margin of 0.58%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the business earned $0.37 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Research analysts anticipate that Kyndryl Holdings, Inc. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KD shares. JPMorgan Chase & Co. lifted their price target on shares of Kyndryl from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Monday, August 10th. BMO Capital Markets restated a “market perform” rating and issued a $16.00 price objective on shares of Kyndryl in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of Kyndryl from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded shares of Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Kyndryl has a consensus rating of “Reduce” and a consensus target price of $16.50.

About Kyndryl

Kyndryl Holdings, Inc (NYSE:KD) is an information technology services company that designs, builds, manages and modernizes mission-critical technology systems for businesses and public-sector organizations. Its services help customers operate and transform complex IT environments, including cloud, data centers, networks, applications and digital workplaces.

The company provides consulting and implementation services as well as ongoing managed services. Its capabilities include cloud solutions, network and edge services, cybersecurity, data and artificial intelligence, application management, enterprise computing and technology modernization.