Bank of New York Mellon Corp Sells 79,891 Shares of Kyndryl Holdings, Inc. $KD

Bank of New York Mellon Corp trimmed its position in Kyndryl Holdings, Inc. (NYSE:KD) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,803,111 shares of the company’s stock after selling 79,891 shares during the quarter. Bank of New York Mellon Corp owned 0.78% of Kyndryl worth $75,659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KD. ST Germain D J Co. Inc. increased its position in shares of Kyndryl by 135.2% in the second quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock valued at $28,000 after acquiring an additional 384 shares during the period. Assetmark Inc. grew its stake in shares of Kyndryl by 75.3% in the second quarter. Assetmark Inc. now owns 775 shares of the company’s stock worth $33,000 after purchasing an additional 333 shares during the last quarter. Quarry LP purchased a new position in Kyndryl during the 1st quarter valued at about $28,000. Hollencrest Capital Management increased its holdings in Kyndryl by 637.7% during the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock valued at $28,000 after purchasing an additional 778 shares during the period. Finally, Compass Financial Services Inc bought a new position in Kyndryl during the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Down 0.7%

NYSE:KD opened at $26.35 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.02 and a quick ratio of 1.05. The firm’s 50-day moving average price is $29.89 and its 200-day moving average price is $34.58. The company has a market capitalization of $6.02 billion, a PE ratio of 15.59, a P/E/G ratio of 2.95 and a beta of 1.84. Kyndryl Holdings, Inc. has a 1-year low of $24.49 and a 1-year high of $44.20.

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

Wall Street Analyst Weigh In

KD has been the topic of several research analyst reports. Susquehanna set a $35.00 target price on Kyndryl in a research note on Thursday. Morgan Stanley initiated coverage on shares of Kyndryl in a research report on Friday, September 26th. They set an “equal weight” rating and a $30.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Zacks Research lowered shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $40.00.

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.