Kyndryl Sees Unusually Large Options Volume (NYSE:KD)

by · The Cerbat Gem

Kyndryl Holdings, Inc. (NYSE:KD – Get Free Report) saw unusually large options trading activity on Monday. Stock traders purchased 9,868 put options on the stock. This is an increase of 466% compared to the average daily volume of 1,743 put options.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Kyndryl by 6.1% in the third quarter. Vanguard Group Inc. now owns 28,186,677 shares of the company’s stock worth $846,446,000 after purchasing an additional 1,619,048 shares during the period. Dimensional Fund Advisors LP boosted its position in Kyndryl by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,607,829 shares of the company’s stock valued at $138,375,000 after buying an additional 180,237 shares during the period. Geode Capital Management LLC boosted its position 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 buying an additional 203,986 shares during the period. AQR Capital Management LLC raised its stake in shares of Kyndryl by 386.2% during the third quarter. AQR Capital Management LLC now owns 4,187,177 shares of the company’s stock valued at $125,113,000 after acquiring an additional 3,326,025 shares in the last quarter. Finally, GMT Capital Corp grew its stake in Kyndryl by 24.2% in the first quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock worth $115,924,000 after purchasing an additional 718,300 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Kyndryl

Kyndryl Trading Down 2.6%

NYSE KD traded down $0.66 during trading hours on Monday, hitting $25.06. 809,157 shares of the company were exchanged, compared to its average volume of 2,340,242. The stock has a market cap of $5.73 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 2.85 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. The stock has a 50-day moving average price of $29.29 and a 200 day moving average price of $34.38. Kyndryl has a 52 week low of $24.49 and a 52 week high of $44.20.

Kyndryl (NYSE:KD – Get Free Report) last posted its quarterly earnings data 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 business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. Analysts forecast that Kyndryl will post 0.73 earnings per share for the current fiscal year.

Kyndryl Company Profile

(Get Free Report)

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.

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