Westover Capital Advisors LLC Acquires 28,981 Shares of Kyndryl Holdings, Inc. $KD

Westover Capital Advisors LLC boosted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 51.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,689 shares of the company’s stock after buying an additional 28,981 shares during the period. Westover Capital Advisors LLC’s holdings in Kyndryl were worth $3,596,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Quarry LP bought a new stake in shares of Kyndryl during the first quarter worth about $28,000. ST Germain D J Co. Inc. lifted its position in Kyndryl by 135.2% in the 2nd 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 in the last quarter. Compass Financial Services Inc acquired a new position in Kyndryl during the 1st quarter valued at about $30,000. Virtus Advisers LLC bought a new stake in Kyndryl during the 1st quarter worth approximately $31,000. Finally, SSA Swiss Advisors AG purchased a new stake in shares of Kyndryl in the first quarter worth approximately $32,000. 71.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Susquehanna set a $35.00 target price on Kyndryl in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Zacks Research raised shares of Kyndryl from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Morgan Stanley started coverage on shares of Kyndryl in a research note on Friday, September 26th. They issued an “equal weight” rating and a $30.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Kyndryl presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Kyndryl Price Performance

Shares of NYSE KD opened at $24.10 on Tuesday. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 2.85 and a beta of 1.84. The stock has a fifty day simple moving average of $29.11 and a two-hundred day simple moving average of $34.33. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 1-year low of $24.01 and a 1-year high of $44.20.

Kyndryl (NYSE:KD) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.84 billion. Kyndryl had a return on equity of 25.76% and a net margin of 2.71%.The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 EPS. Kyndryl has set its FY 2026 guidance at EPS. Analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

About Kyndryl

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.