Cookson Peirce & Co. Inc. Has $11.83 Million Holdings in Kyndryl Holdings, Inc. $KD

Cookson Peirce & Co. Inc. boosted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 6.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 281,912 shares of the company’s stock after buying an additional 16,969 shares during the quarter. Cookson Peirce & Co. Inc. owned approximately 0.12% of Kyndryl worth $11,829,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. GMT Capital Corp boosted its stake in Kyndryl by 24.2% in the first quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock valued at $115,924,000 after buying an additional 718,300 shares in the last quarter. Cortland Associates Inc. MO increased its holdings in shares of Kyndryl by 0.4% during the first quarter. Cortland Associates Inc. MO now owns 2,131,738 shares of the company’s stock worth $66,937,000 after buying an additional 8,017 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Kyndryl by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 1,883,002 shares of the company’s stock worth $59,126,000 after buying an additional 31,644 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Kyndryl by 5.4% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,265,000 shares of the company’s stock worth $39,721,000 after buying an additional 65,000 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Kyndryl during the first quarter worth $30,466,000. 71.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Kyndryl Stock Performance

NYSE KD opened at $28.64 on Wednesday. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 3.13 and a beta of 1.85. Kyndryl Holdings, Inc. has a twelve month low of $22.68 and a twelve month high of $44.20. The stock has a fifty day simple moving average of $30.62 and a 200 day simple moving average of $34.67. 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 (NYSE:KD) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.Kyndryl’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. Sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

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.