Kyndryl Holdings, Inc. (NYSE:KD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Kyndryl Holdings, Inc. (NYSE:KD) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $40.00.

KD has been the subject of a number of analyst reports. Susquehanna set a $35.00 target price on shares of Kyndryl in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Morgan Stanley assumed coverage on Kyndryl in a report on Friday, September 26th. They set an “equal weight” rating and a $30.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Zacks Research raised Kyndryl from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th.

Hedge Funds Weigh In On Kyndryl

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in Kyndryl by 50.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 73,096 shares of the company’s stock worth $2,295,000 after purchasing an additional 24,367 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Kyndryl by 4.4% during the first quarter. Victory Capital Management Inc. now owns 45,498 shares of the company’s stock worth $1,429,000 after buying an additional 1,912 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Kyndryl during the first quarter valued at $1,258,000. Oak Thistle LLC acquired a new position in shares of Kyndryl in the 1st quarter valued at $218,000. Finally, Wedbush Securities Inc. purchased a new position in Kyndryl in the 1st quarter worth $550,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Price Performance

Shares of KD stock opened at $24.39 on Thursday. The stock’s 50-day moving average is $28.26 and its 200 day moving average is $33.97. Kyndryl has a 1-year low of $23.28 and a 1-year high of $44.20. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $5.57 billion, a P/E ratio of 14.43 and a beta of 1.84.

Kyndryl (NYSE:KD) last announced its earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Kyndryl had a net margin of 2.71% and a return on equity of 25.76%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the company posted $0.01 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. Research analysts predict that Kyndryl will post 0.73 earnings per share for the current fiscal year.

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.