Quadrant Capital Group LLC Buys 5,287 Shares of Kyndryl Holdings, Inc. $KD

Quadrant Capital Group LLC raised its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 34.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,531 shares of the company’s stock after purchasing an additional 5,287 shares during the quarter. Quadrant Capital Group LLC’s holdings in Kyndryl were worth $861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP bought a new position in Kyndryl in the 1st quarter worth $28,000. ST Germain D J Co. Inc. boosted its stake in Kyndryl by 135.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock worth $28,000 after purchasing an additional 384 shares during the period. Compass Financial Services Inc purchased a new stake in Kyndryl during the 1st quarter valued at approximately $30,000. Virtus Advisers LLC bought a new stake in shares of Kyndryl during the first quarter valued at approximately $31,000. Finally, Assetmark Inc. lifted its holdings in shares of Kyndryl by 75.3% in the second quarter. Assetmark Inc. now owns 775 shares of the company’s stock worth $33,000 after buying an additional 333 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on KD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Susquehanna set a $35.00 target price on Kyndryl in a research report on Thursday, November 6th. JPMorgan Chase & Co. lowered their price objective on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Guggenheim raised shares of Kyndryl to a “strong-buy” rating in a report on Wednesday, November 26th. Finally, Zacks Research raised Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Kyndryl Stock Up 1.5%

Shares of Kyndryl stock opened at $25.83 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 15.28 and a beta of 1.84. The firm’s 50-day moving average is $27.77 and its two-hundred day moving average is $33.58. Kyndryl Holdings, Inc. has a 1 year low of $23.28 and a 1 year high of $44.20.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.84 billion. Kyndryl had a net margin of 2.71% and a return on equity of 25.76%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. As a group, research analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal 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.