Fluent Financial LLC Acquires Shares of 17,464 Kyndryl Holdings, Inc. $KD

Fluent Financial LLC acquired a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 17,464 shares of the company’s stock, valued at approximately $733,000.

A number of other hedge funds also recently modified their holdings of the stock. Nuveen LLC acquired a new position in Kyndryl in the 1st quarter valued at about $30,466,000. GMT Capital Corp boosted its holdings in shares of Kyndryl by 24.2% during the first quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock worth $115,924,000 after acquiring an additional 718,300 shares during the period. MetLife Investment Management LLC grew its position in shares of Kyndryl by 444.1% in the first quarter. MetLife Investment Management LLC now owns 711,965 shares of the company’s stock valued at $22,356,000 after purchasing an additional 581,118 shares during the last quarter. Cinctive Capital Management LP grew its position in shares of Kyndryl by 65.9% in the first quarter. Cinctive Capital Management LP now owns 786,112 shares of the company’s stock valued at $24,684,000 after purchasing an additional 312,326 shares during the last quarter. Finally, Jag Capital Management LLC increased its stake in shares of Kyndryl by 3,273.7% during the first quarter. Jag Capital Management LLC now owns 285,450 shares of the company’s stock worth $8,963,000 after purchasing an additional 276,989 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

KD stock opened at $30.12 on Thursday. The company’s 50-day moving average price is $31.35 and its two-hundred day moving average price is $34.93. The firm has a market cap of $6.96 billion, a P/E ratio of 24.89, a P/E/G ratio of 3.35 and a beta of 1.85. 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 $22.68 and a 12 month high of $44.20.

Kyndryl (NYSE:KD) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. On average, analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KD shares. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday. Oppenheimer boosted their target price on shares of Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. Morgan Stanley started coverage on shares of Kyndryl in a research note on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price target on the stock. Zacks Research cut shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Finally, Wall Street Zen lowered shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kyndryl presently has a consensus rating of “Hold” and a consensus price target of $42.00.

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.