Kyndryl (NYSE:KD) Upgraded by Zacks Research to Hold Rating

Kyndryl (NYSE:KD) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other research analysts have also commented on the stock. Susquehanna set a $35.00 price objective on shares of Kyndryl in a research note on Thursday, November 6th. Morgan Stanley began coverage on Kyndryl in a report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on Kyndryl from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Kyndryl Stock Down 2.7%

Shares of Kyndryl stock opened at $25.61 on Wednesday. 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 has a 1-year low of $24.49 and a 1-year high of $44.20. The business’s fifty day moving average price is $29.43 and its two-hundred day moving average price is $34.40. The company has a market capitalization of $5.85 billion, a P/E ratio of 15.15, a PEG ratio of 2.91 and a beta of 1.84.

Kyndryl (NYSE:KD) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) 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 analysts’ expectations of $3.84 billion. Kyndryl had a return on equity of 25.76% and a net margin of 2.71%.The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. As a group, research analysts forecast that Kyndryl will post 0.73 EPS for the current year.

Institutional Trading of Kyndryl

Institutional investors and hedge funds have recently bought and sold shares of the stock. Magnetar Financial LLC bought a new position in shares of Kyndryl during the 1st quarter worth approximately $943,000. Landscape Capital Management L.L.C. acquired a new position in Kyndryl during the first quarter worth $605,000. Raymond James Financial Inc. raised its stake in Kyndryl by 10.6% during the first quarter. Raymond James Financial Inc. now owns 363,043 shares of the company’s stock worth $11,400,000 after acquiring an additional 34,735 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Kyndryl by 29.0% during the first quarter. Hsbc Holdings PLC now owns 38,094 shares of the company’s stock valued at $1,190,000 after acquiring an additional 8,559 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Kyndryl by 56.2% in the 1st quarter. Voya Investment Management LLC now owns 71,664 shares of the company’s stock valued at $2,250,000 after purchasing an additional 25,784 shares in the last quarter. Institutional investors and hedge funds 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.