Impact Partnership Wealth LLC Buys New Position in Kyndryl Holdings, Inc. $KD

Impact Partnership Wealth LLC bought a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 8,048 shares of the company’s stock, valued at approximately $338,000.

Several other hedge funds also recently added to or reduced their stakes in KD. GAMMA Investing LLC increased its position in Kyndryl by 44.1% during the 1st quarter. GAMMA Investing LLC now owns 4,322 shares of the company’s stock valued at $136,000 after buying an additional 1,323 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Kyndryl by 19.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,591 shares of the company’s stock valued at $741,000 after buying an additional 3,894 shares in the last quarter. Private Trust Co. NA increased its position in Kyndryl by 107.9% during the 1st quarter. Private Trust Co. NA now owns 1,021 shares of the company’s stock valued at $32,000 after buying an additional 530 shares in the last quarter. Teacher Retirement System of Texas increased its position in Kyndryl by 99.3% during the 1st quarter. Teacher Retirement System of Texas now owns 44,689 shares of the company’s stock valued at $1,403,000 after buying an additional 22,268 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Kyndryl by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 535,085 shares of the company’s stock valued at $16,802,000 after buying an additional 2,807 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KD has been the topic of several recent analyst reports. Wall Street Zen lowered Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Oppenheimer increased their price objective on Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. Zacks Research lowered Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Morgan Stanley started coverage on Kyndryl in a report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Three equities 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 company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.00.

Kyndryl Stock Down 0.1%

Shares of KD opened at $28.37 on Friday. Kyndryl Holdings, Inc. has a 52 week low of $22.68 and a 52 week high of $44.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 3.18 and a beta of 1.85. The stock’s 50-day moving average price is $30.38 and its 200-day moving average price is $34.64.

Kyndryl (NYSE:KD) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $3.74 billion for 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 revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Kyndryl Company 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.