Kyndryl Holdings, Inc. $KD Shares Acquired by Anderson Financial Strategies LLC

Anderson Financial Strategies LLC raised its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 35.6% during the first quarter, HoldingsChannel.com reports. The firm owned 2,947 shares of the company’s stock after buying an additional 774 shares during the period. Anderson Financial Strategies LLC’s holdings in Kyndryl were worth $93,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in shares of Kyndryl in the 1st quarter worth approximately $27,000. Hollencrest Capital Management grew its position in shares of Kyndryl by 637.7% during the first quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock worth $28,000 after acquiring an additional 778 shares during the last quarter. Quarry LP acquired a new stake in shares of Kyndryl in the first quarter valued at approximately $28,000. True Wealth Design LLC increased its position in Kyndryl by 150.6% in the 4th quarter. True Wealth Design LLC now owns 872 shares of the company’s stock valued at $30,000 after acquiring an additional 524 shares during the period. Finally, Virtus Advisers LLC bought a new stake in shares of Kyndryl during the first quarter valued at about $31,000. Institutional investors own 71.53% of the company’s stock.

Kyndryl Trading Down 2.0%

NYSE:KD opened at $32.44 on Thursday. The company’s 50 day moving average is $35.04 and its 200-day moving average is $35.59. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 12 month low of $22.26 and a 12 month high of $44.20. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 3.62 and a beta of 1.89.

Kyndryl (NYSE:KD) last posted its earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. Kyndryl’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Equities analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KD. Wall Street Zen downgraded Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Oppenheimer raised their target price on shares of Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $46.00.

Kyndryl 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.