Sound Shore Management Inc CT Makes New $61.11 Million Investment in Kyndryl Holdings, Inc. $KD

Sound Shore Management Inc CT bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the third quarter, Holdings Channel.com reports. The firm bought 2,035,069 shares of the company’s stock, valued at approximately $61,113,000.

Other institutional investors have also modified their holdings of the company. LSV Asset Management acquired a new stake in shares of Kyndryl in the 3rd quarter worth about $105,000. ING Groep NV acquired a new stake in shares of Kyndryl in the third quarter valued at approximately $9,188,000. Versor Investments LP increased its stake in shares of Kyndryl by 496.5% in the third quarter. Versor Investments LP now owns 34,000 shares of the company’s stock valued at $1,021,000 after purchasing an additional 28,300 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Kyndryl by 14.1% during the third quarter. Oppenheimer & Co. Inc. now owns 29,654 shares of the company’s stock valued at $891,000 after buying an additional 3,660 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Kyndryl by 23.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 20,705 shares of the company’s stock worth $622,000 after buying an additional 3,962 shares during the period. Institutional investors own 71.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on KD shares. Scotiabank assumed coverage on Kyndryl in a research report on Tuesday, January 27th. They issued an “outperform” rating on the stock. Oppenheimer reissued a “market perform” rating on shares of Kyndryl in a report on Monday. JPMorgan Chase & Co. downgraded shares of Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 price objective for the company. in a report on Monday. Zacks Research upgraded shares of Kyndryl from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Susquehanna set a $35.00 price target on shares of Kyndryl in a research report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $32.80.

Kyndryl News Roundup

Here are the key news stories impacting Kyndryl this week:

• Positive Sentiment: Kyndryl extended its partnership with Hertz, showing continued customer engagement on at least one large account. Kyndryl Holdings (KD) Extends Hertz Partnership While Navigating Deal Slippages
• Positive Sentiment: The company announced a new “agentic AI workflow governance” capability (policy‑as‑code) aimed at regulated customers — a product that could help win or retain mission‑critical AI work over time. Kyndryl Unveils Agentic AI Workflow Governance for Trusted Deployment of Mission‑Critical AI Agents
• Neutral Sentiment: Oppenheimer reaffirmed a Market Perform rating (mixed/neutral view from a sell‑side firm), which tempers some panic but does not signal confidence to buy. Oppenheimer Reaffirms “Market Perform” Rating for Kyndryl (NYSE:KD)
• Negative Sentiment: Kyndryl said it will not timely file its quarterly report, disclosed material internal control weaknesses and revealed an SEC document request; those disclosures and immediate departures of the CFO and GC sparked the sharp selloff. Kyndryl Holdings (KD) Shares Crater Amid Late Filing, Abrupt CFO and GC Departures, SEC Investigation – Hagens Berman
• Negative Sentiment: Multiple securities‑class actions and law‑firm investigations have been filed/launched alleging misleading disclosures and accounting issues; litigation risk increases potential liabilities and investor uncertainty. Kyndryl Holdings (KD) Faces Securities Class Action Amid 55% Stock Drop After Four Bombshell Disclosures – Hagens Berman
• Negative Sentiment: Analysts have reacted with downgrades/negative notes (e.g., Guggenheim downgrade, JPMorgan cut to Underweight), amplifying selling pressure and reducing buy‑side support. Guggenheim downgrades Kyndryl Holdings (KD) Kyndryl (NYSE:KD) Rating Lowered to Underweight at JPMorgan Chase & Co.
• Negative Sentiment: Options market activity shows heavy bearish positioning (5,399 put options traded, ~174% above typical daily volume), indicating traders expect further downside.

Kyndryl Trading Up 8.8%

Shares of Kyndryl stock opened at $12.10 on Thursday. The business has a fifty day simple moving average of $24.95 and a 200-day simple moving average of $27.97. Kyndryl Holdings, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $44.20. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 11.53 and a beta of 1.84. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.24.

Kyndryl (NYSE:KD) last issued its quarterly earnings results on Monday, February 9th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.08). The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Kyndryl had a return on equity of 25.77% and a net margin of 1.65%.Kyndryl’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. On average, equities analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Insider Activity at Kyndryl

In related news, SVP Vineet Khurana sold 6,641 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $26.69, for a total value of $177,248.29. Following the completion of the sale, the senior vice president owned 59,708 shares in the company, valued at approximately $1,593,606.52. This represents a 10.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

About Kyndryl

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.