Edgestream Partners L.P. Grows Position in Kyndryl Holdings, Inc. $KD

Edgestream Partners L.P. lifted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 377.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,620 shares of the company’s stock after buying an additional 153,882 shares during the period. Edgestream Partners L.P. owned approximately 0.08% of Kyndryl worth $8,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KD. Geode Capital Management LLC raised its holdings in Kyndryl by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 4,277,559 shares of the company’s stock valued at $179,515,000 after acquiring an additional 203,986 shares during the last quarter. GMT Capital Corp grew its position in shares of Kyndryl by 24.2% in the first 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 in the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Kyndryl by 5.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,265,000 shares of the company’s stock valued at $39,721,000 after purchasing an additional 65,000 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Kyndryl in the first quarter valued at approximately $30,466,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Kyndryl by 25.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 879,404 shares of the company’s stock worth $36,900,000 after buying an additional 179,743 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KD. Susquehanna set a $35.00 target price on Kyndryl in a research note on Thursday, November 6th. Guggenheim upgraded shares of Kyndryl to a “strong-buy” rating in a research report on Wednesday, November 26th. Zacks Research raised shares of Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Morgan Stanley assumed coverage on shares of Kyndryl in a research note on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Kyndryl Price Performance

Shares of KD opened at $25.86 on Tuesday. Kyndryl Holdings, Inc. has a 1-year low of $23.28 and a 1-year high of $44.20. The stock has a market cap of $5.91 billion, a PE ratio of 15.30 and a beta of 1.85. The firm has a 50-day simple moving average of $27.65 and a two-hundred day simple moving average of $33.47. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.02 and a quick ratio of 1.02.

Kyndryl (NYSE:KD) last issued 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 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 for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS. Kyndryl has set its FY 2026 guidance at EPS. As a group, analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current 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.