Forum Financial Management LP Increases Stock Holdings in Kyndryl Holdings, Inc. $KD

Forum Financial Management LP lifted its position in Kyndryl Holdings, Inc. (NYSE:KD) by 10.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,942 shares of the company’s stock after purchasing an additional 776 shares during the quarter. Forum Financial Management LP’s holdings in Kyndryl were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Kyndryl by 6.2% in the second quarter. GAMMA Investing LLC now owns 4,590 shares of the company’s stock valued at $193,000 after purchasing an additional 268 shares during the period. MAI Capital Management grew its holdings in shares of Kyndryl by 12.7% in the first quarter. MAI Capital Management now owns 2,641 shares of the company’s stock valued at $83,000 after purchasing an additional 297 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Kyndryl by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 65,500 shares of the company’s stock valued at $2,748,000 after purchasing an additional 300 shares during the period. Intech Investment Management LLC grew its holdings in shares of Kyndryl by 0.5% in the first quarter. Intech Investment Management LLC now owns 66,751 shares of the company’s stock valued at $2,096,000 after purchasing an additional 318 shares during the period. Finally, Sky Investment Group LLC grew its holdings in shares of Kyndryl by 0.4% in the second quarter. Sky Investment Group LLC now owns 103,720 shares of the company’s stock valued at $4,352,000 after purchasing an additional 370 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 equities research analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a research report on Saturday. Morgan Stanley initiated coverage on shares of Kyndryl in a research report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 target price on the stock. Wall Street Zen cut shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Finally, Zacks Research cut shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kyndryl currently has an average rating of “Hold” and an average target price of $42.00.

Kyndryl Stock Up 0.2%

Shares of KD opened at $28.51 on Monday. The stock has a market capitalization of $6.59 billion, a PE ratio of 23.56, a P/E/G ratio of 3.19 and a beta of 1.85. Kyndryl Holdings, Inc. has a 1 year low of $22.68 and a 1 year high of $44.20. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05. The company’s 50-day simple moving average is $30.51 and its 200-day simple moving average is $34.71.

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 the consensus estimate of $0.36 by $0.01. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. Analysts forecast 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.