Kyndryl (NYSE:KD) Issues Quarterly Earnings Results

Kyndryl (NYSE:KD) posted its earnings results on Wednesday. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06, reports. Kyndryl had a negative net margin of 0.58% and a negative return on equity of 4.09%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.73 billion. Kyndryl updated its FY 2025 guidance to EPS.

Kyndryl Price Performance

KD stock traded up $0.16 during trading on Friday, reaching $27.71. The company had a trading volume of 3,194,453 shares, compared to its average volume of 1,468,703. Kyndryl has a 52 week low of $16.95 and a 52 week high of $28.60. The business has a 50 day moving average of $23.76 and a 200 day moving average of $24.60. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Investors Weigh In On Kyndryl

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its stake in shares of Kyndryl by 240.7% during the 1st quarter. Tidal Investments LLC now owns 55,778 shares of the company’s stock valued at $1,214,000 after buying an additional 39,408 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Kyndryl by 11.8% in the 1st quarter. Bleakley Financial Group LLC now owns 15,307 shares of the company’s stock worth $333,000 after buying an additional 1,621 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Kyndryl by 23.4% in the 1st quarter. Sei Investments Co. now owns 260,771 shares of the company’s stock worth $5,674,000 after buying an additional 49,520 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Kyndryl during the 2nd quarter worth about $1,418,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Kyndryl during the 1st quarter worth about $26,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

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.