Flagship Harbor Advisors LLC Makes New Investment in Kyndryl Holdings, Inc. $KD

Flagship Harbor Advisors LLC acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,956 shares of the company’s stock, valued at approximately $208,000.

A number of other large investors also recently made changes to their positions in KD. Nuveen LLC acquired a new position in shares of Kyndryl in the 1st quarter valued at about $30,466,000. GMT Capital Corp increased its holdings in shares of Kyndryl by 24.2% in the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock valued at $115,924,000 after purchasing an additional 718,300 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Kyndryl by 444.1% in the 1st quarter. MetLife Investment Management LLC now owns 711,965 shares of the company’s stock valued at $22,356,000 after purchasing an additional 581,118 shares during the period. Cinctive Capital Management LP increased its holdings in shares of Kyndryl by 65.9% in the 1st quarter. Cinctive Capital Management LP now owns 786,112 shares of the company’s stock valued at $24,684,000 after purchasing an additional 312,326 shares during the period. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of Kyndryl in the 1st quarter valued at about $8,319,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Zacks Research downgraded Kyndryl from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Morgan Stanley started coverage on Kyndryl in a research note on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price target for the company. Wall Street Zen cut Kyndryl from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Finally, Oppenheimer boosted their price target on Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.00.

Kyndryl Trading Up 1.7%

Shares of NYSE KD opened at $28.90 on Friday. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 3.24 and a beta of 1.85. The business has a 50 day simple moving average of $30.33 and a 200 day simple moving average of $34.66. Kyndryl Holdings, Inc. has a 52 week low of $22.68 and a 52 week 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.

Kyndryl (NYSE:KD) last announced its earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. On average, research analysts predict 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.