Maxi Investments CY Ltd Acquires New Holdings in Kyndryl Holdings, Inc. $KD

Maxi Investments CY Ltd bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 50,000 shares of the company’s stock, valued at approximately $1,502,000.

A number of other institutional investors have also recently added to or reduced their stakes in KD. Smartleaf Asset Management LLC lifted its holdings in shares of Kyndryl by 192.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company’s stock worth $35,000 after purchasing an additional 770 shares during the period. Optiver Holding B.V. acquired a new stake in Kyndryl in the third quarter valued at $40,000. Quent Capital LLC acquired a new stake in Kyndryl in the third quarter valued at $42,000. True Wealth Design LLC raised its position in Kyndryl by 103.0% during the 3rd quarter. True Wealth Design LLC now owns 1,547 shares of the company’s stock worth $46,000 after purchasing an additional 785 shares during the last quarter. Finally, Community Bank N.A. raised its position in Kyndryl by 16,000.0% during the 3rd quarter. Community Bank N.A. now owns 1,610 shares of the company’s stock worth $48,000 after purchasing an additional 1,600 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Guggenheim lowered Kyndryl from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 10th. Susquehanna lowered their price objective on Kyndryl from $35.00 to $16.00 and set a “positive” rating for the company in a research report on Friday, February 13th. Oppenheimer reaffirmed a “market perform” rating on shares of Kyndryl in a research note on Monday, February 9th. Zacks Research cut Kyndryl from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. downgraded shares of Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 target price for the company. in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Kyndryl presently has an average rating of “Hold” and a consensus price target of $29.00.

Kyndryl Stock Down 0.3%

Shares of Kyndryl stock opened at $12.32 on Tuesday. The stock’s 50-day moving average is $18.42 and its 200 day moving average is $24.76. Kyndryl Holdings, Inc. has a one year low of $10.10 and a one year high of $44.20. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 11.73 and a beta of 1.93. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.86 and a quick ratio of 0.86.

Kyndryl (NYSE:KD) last issued its earnings results on Monday, February 9th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). Kyndryl had a return on equity of 25.91% and a net margin of 1.65%.The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Kyndryl Profile

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.