5,521 Shares in Kyndryl Holdings, Inc. $KD Acquired by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,521 shares of the company’s stock, valued at approximately $232,000.

Several other large investors also recently added to or reduced their stakes in KD. Magnetar Financial LLC acquired a new position in shares of Kyndryl during the first quarter worth approximately $943,000. Landscape Capital Management L.L.C. bought a new position in Kyndryl during the first quarter worth $605,000. Raymond James Financial Inc. raised its stake in Kyndryl by 10.6% during the 1st quarter. Raymond James Financial Inc. now owns 363,043 shares of the company’s stock valued at $11,400,000 after purchasing an additional 34,735 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Kyndryl by 29.0% in the first quarter. Hsbc Holdings PLC now owns 38,094 shares of the company’s stock valued at $1,190,000 after buying an additional 8,559 shares during the period. Finally, Voya Investment Management LLC grew its holdings in shares of Kyndryl by 56.2% during the 1st quarter. Voya Investment Management LLC now owns 71,664 shares of the company’s stock worth $2,250,000 after purchasing an additional 25,784 shares in the last quarter. 71.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Susquehanna set a $35.00 target price on shares of Kyndryl in a research report on Thursday. Zacks Research lowered Kyndryl from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Finally, Morgan Stanley initiated coverage on Kyndryl in a research report on Friday, September 26th. They set an “equal weight” rating and a $30.00 target price for the company. Four 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 company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.00.

Kyndryl Price Performance

Shares of KD opened at $26.09 on Tuesday. The stock has a 50 day simple moving average of $29.77 and a 200 day simple moving average of $34.57. Kyndryl Holdings, Inc. has a 52-week low of $24.49 and a 52-week high of $44.20. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $5.96 billion, a PE ratio of 15.44, a P/E/G ratio of 2.95 and a beta of 1.84.

Kyndryl (NYSE:KD) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The firm 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%. The business’s 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. Sell-side analysts predict that Kyndryl Holdings, Inc. will post 0.73 EPS 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.