Arjuna Capital Purchases Shares of 20,040 Kyndryl Holdings, Inc. $KD

Arjuna Capital purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the second quarter, Holdings Channel reports. The fund purchased 20,040 shares of the company’s stock, valued at approximately $841,000.

Several other large investors have also recently made changes to their positions in the stock. Avantax Advisory Services Inc. raised its position in Kyndryl by 23.3% in the first quarter. Avantax Advisory Services Inc. now owns 10,002 shares of the company’s stock valued at $314,000 after purchasing an additional 1,892 shares during the period. Cetera Investment Advisers boosted its position in shares of Kyndryl by 87.8% during the first quarter. Cetera Investment Advisers now owns 30,286 shares of the company’s stock worth $951,000 after buying an additional 14,155 shares during the period. LPL Financial LLC grew its stake in shares of Kyndryl by 28.6% in the first quarter. LPL Financial LLC now owns 127,987 shares of the company’s stock valued at $4,019,000 after buying an additional 28,481 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Kyndryl by 8.4% in the 1st quarter. Federated Hermes Inc. now owns 48,330 shares of the company’s stock valued at $1,518,000 after buying an additional 3,737 shares during the period. Finally, XTX Topco Ltd raised its holdings in shares of Kyndryl by 5.6% in the 1st quarter. XTX Topco Ltd now owns 19,628 shares of the company’s stock valued at $616,000 after buying an additional 1,048 shares during the period. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Zacks Research raised shares of Kyndryl from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Guggenheim raised shares of Kyndryl to a “strong-buy” rating in a research note on Wednesday, November 26th. Morgan Stanley began coverage on shares of Kyndryl in a research note on Friday, September 26th. They set an “equal weight” rating and a $30.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Kyndryl Stock Up 0.1%

Shares of NYSE:KD opened at $25.86 on Tuesday. Kyndryl Holdings, Inc. has a fifty-two week low of $23.28 and a fifty-two week high of $44.20. The firm’s 50 day moving average price is $27.65 and its 200 day moving average price is $33.47. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.24. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 15.30 and a beta of 1.85.

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