JPMorgan Chase & Co. Cuts Kyndryl (NYSE:KD) Price Target to $40.00

Kyndryl (NYSE:KD) had its price objective decreased by JPMorgan Chase & Co. from $45.00 to $40.00 in a research report sent to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

KD has been the subject of several other research reports. Susquehanna set a $35.00 price target on Kyndryl in a research report on Thursday. Zacks Research lowered shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Morgan Stanley assumed coverage on shares of Kyndryl in a report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Kyndryl Stock Performance

Shares of KD opened at $26.35 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.02 and a debt-to-equity ratio of 2.24. The stock has a market cap of $6.02 billion, a P/E ratio of 15.59, a P/E/G ratio of 2.95 and a beta of 1.84. The business’s 50 day moving average price is $29.89 and its 200-day moving average price is $34.58. Kyndryl has a 52 week low of $24.49 and a 52 week high of $44.20.

Kyndryl (NYSE:KD) 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. Kyndryl had a return on equity of 25.76% and a net margin of 2.71%.The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the company earned $0.01 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Kyndryl will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Kyndryl

A number of institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA lifted its position in Kyndryl by 107.9% during the first quarter. Private Trust Co. NA now owns 1,021 shares of the company’s stock valued at $32,000 after purchasing an additional 530 shares during the period. Teacher Retirement System of Texas grew its position in Kyndryl by 99.3% in the 1st quarter. Teacher Retirement System of Texas now owns 44,689 shares of the company’s stock worth $1,403,000 after purchasing an additional 22,268 shares during the period. Principal Financial Group Inc. raised its stake in Kyndryl by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 535,085 shares of the company’s stock valued at $16,802,000 after buying an additional 2,807 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Kyndryl by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,883,002 shares of the company’s stock valued at $59,126,000 after buying an additional 31,644 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Kyndryl by 50.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 73,096 shares of the company’s stock valued at $2,295,000 after buying an additional 24,367 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

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.