180 Wealth Advisors LLC Decreases Position in Kyndryl Holdings, Inc. $KD

180 Wealth Advisors LLC decreased its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 14.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,310 shares of the company’s stock after selling 2,970 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Kyndryl were worth $768,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Kyndryl by 44.1% in the first 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 during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Kyndryl by 121.8% in the first quarter. Janney Montgomery Scott LLC now owns 20,750 shares of the company’s stock valued at $652,000 after purchasing an additional 11,395 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Kyndryl by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 27,257 shares of the company’s stock valued at $855,000 after purchasing an additional 775 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Kyndryl in the first quarter valued at approximately $204,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Kyndryl by 19.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,591 shares of the company’s stock valued at $741,000 after purchasing an additional 3,894 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KD. Morgan Stanley began coverage on Kyndryl in a report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 target price on the stock. Zacks Research lowered Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Oppenheimer upped their price objective on Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Wall Street Zen lowered Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Finally, Weiss Ratings reaffirmed 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.00.

Kyndryl Stock Up 0.2%

KD opened at $28.51 on Friday. 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 firm has a market cap of $6.59 billion, a P/E ratio of 23.56, a PEG ratio of 3.19 and a beta of 1.85. Kyndryl Holdings, Inc. has a 52 week low of $22.68 and a 52 week high of $44.20. The business’s fifty day simple moving average is $30.51 and its 200 day simple moving average is $34.64.

Kyndryl (NYSE:KD) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

About Kyndryl

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.