Police & Firemen s Retirement System of New Jersey Buys 6,722 Shares of Kyndryl Holdings, Inc. $KD

Police & Firemen s Retirement System of New Jersey increased its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,040 shares of the company’s stock after buying an additional 6,722 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Kyndryl were worth $3,736,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. ST Germain D J Co. Inc. grew its position in Kyndryl by 135.2% in the second 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. boosted its stake in shares of 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 bought a new stake in shares of Kyndryl in the 1st quarter worth about $28,000. Hollencrest Capital Management grew its holdings in shares of Kyndryl by 637.7% in the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock worth $28,000 after purchasing an additional 778 shares during the last quarter. Finally, Compass Financial Services Inc acquired a new stake in shares of Kyndryl during the 1st quarter worth about $30,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kyndryl Price Performance

Shares of KD stock opened at $25.70 on Monday. Kyndryl Holdings, Inc. has a 1 year low of $24.49 and a 1 year high of $44.20. The firm’s 50 day moving average is $29.29 and its 200-day moving average is $34.38. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 2.85 and a beta of 1.84. 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 (NYSE:KD) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. Kyndryl had a net margin of 2.71% and a return on equity of 25.76%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the business posted $0.01 earnings per share. Kyndryl’s revenue for the quarter was down 1.4% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. Sell-side analysts forecast 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.