Bastion Asset Management Inc. Purchases Shares of 235,941 Kyndryl Holdings, Inc. $KD

Bastion Asset Management Inc. acquired a new position in Kyndryl Holdings, Inc. (NYSE:KD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 235,941 shares of the company’s stock, valued at approximately $7,326,000. Kyndryl accounts for approximately 4.2% of Bastion Asset Management Inc.’s holdings, making the stock its 5th biggest holding.

A number of other large investors have also recently made changes to their positions in KD. Assetmark Inc. increased its holdings in Kyndryl by 75.3% in the 2nd quarter. Assetmark Inc. now owns 775 shares of the company’s stock worth $33,000 after acquiring an additional 333 shares in the last quarter. Employees Retirement System of Texas purchased a new position in Kyndryl during the second quarter valued at approximately $49,000. Smartleaf Asset Management LLC boosted its position in shares of Kyndryl by 192.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company’s stock worth $35,000 after purchasing an additional 770 shares during the period. Quent Capital LLC purchased a new stake in shares of Kyndryl in the third quarter worth $42,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Kyndryl during the 2nd quarter valued at $60,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on KD. Oppenheimer reaffirmed a “market perform” rating on shares of Kyndryl in a report on Monday, February 9th. Susquehanna dropped their price objective on Kyndryl from $35.00 to $16.00 and set a “positive” rating for the company in a research note on Friday. Zacks Research upgraded Kyndryl from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Guggenheim cut Kyndryl from a “buy” rating to a “neutral” rating in a report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. downgraded Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 price target for the company. in a research note on Monday, February 9th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.00.

Insider Activity at Kyndryl

In other news, SVP Vineet Khurana sold 6,641 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $26.69, for a total transaction of $177,248.29. Following the sale, the senior vice president directly owned 59,708 shares in the company, valued at approximately $1,593,606.52. This represents a 10.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Key Stories Impacting Kyndryl

Here are the key news stories impacting Kyndryl this week:

• Positive Sentiment: Kyndryl won a material client deal to modernize Yamaguchi Financial Group’s core banking into a shared, multi‑bank platform — a revenue‑supporting contract in Japan. Yamaguchi Financial Group deal
• Positive Sentiment: Kyndryl launched Kyndryl Intelligent Recovery Service (KIRS), an AI‑integrated, cloud‑based cyber‑recovery offering that can drive sales in security/resilience projects. KIRS launch
• Neutral Sentiment: Market commentary notes unusual options activity and continued deal execution risks (deal slippages mentioned alongside an extended Hertz engagement) — these items can add volatility but are not definitive drivers by themselves. Unusually large options trading Hertz partnership update
• Negative Sentiment: A flurry of securities‑fraud class action filings and solicitor notices from multiple law firms allege investor harm covering the period Aug 7, 2024–Feb 9, 2026; firms are soliciting lead‑plaintiff applications (deadline Apr 13, 2026), increasing legal exposure and potential settlement risk. Robbins LLP class action alert
• Negative Sentiment: Independent investigations by multiple plaintiff firms (Schall, Kessler Topaz, Rosen, BFA and others) are probing potential misstatements about cash management and internal controls — these probes usually precede formal litigation and can drive regulatory scrutiny and remediation costs. Kessler Topaz investor alert
• Negative Sentiment: Regulatory and disclosure shock: filings allege the stock plunged after Kyndryl disclosed it would not timely file its quarterly report, cited material internal control weaknesses (“tone at the top”), senior exec departures and an SEC document request — factors that materially increase execution and regulatory risk. Hagens Berman summary of disclosures
• Negative Sentiment: Separate firm commentary highlights that Kyndryl’s shift from adjusted to reported free‑cash‑flow and an internal accounting review preceded the investigation into cash management — a detail central to many plaintiffs’ allegations. Accounting review / cash management note

Kyndryl Price Performance

Shares of Kyndryl stock opened at $12.24 on Monday. The firm has a market cap of $2.80 billion, a PE ratio of 11.66 and a beta of 1.85. The stock has a 50 day moving average of $24.37 and a 200 day moving average of $27.52. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 12 month low of $10.10 and a 12 month high of $44.20.

Kyndryl (NYSE:KD) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.08). Kyndryl had a return on equity of 25.77% and a net margin of 1.65%.The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the company earned $0.51 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, research analysts expect that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Kyndryl Company Profile

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.