Analysts Set Kyndryl Holdings, Inc. (NYSE:KD) Target Price at $25.60

Kyndryl Holdings, Inc. (NYSE:KD) has received a consensus rating of “Reduce” from the nine analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $23.8333.

KD has been the subject of several recent analyst reports. Guggenheim cut Kyndryl from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 10th. Scotiabank initiated coverage on Kyndryl in a research report on Tuesday, January 27th. They issued an “outperform” rating for the company. Oppenheimer reaffirmed a “market perform” rating on shares of Kyndryl in a research report on Monday, February 9th. Morgan Stanley decreased their target price on Kyndryl from $28.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 24th. Finally, Susquehanna decreased their target price on Kyndryl from $35.00 to $16.00 and set a “positive” rating for the company in a research report on Friday, February 13th.

Kyndryl Stock Performance

Shares of Kyndryl stock opened at $14.52 on Friday. The stock has a market cap of $3.27 billion, a PE ratio of 13.83 and a beta of 1.83. The business has a fifty day simple moving average of $12.80 and a 200-day simple moving average of $21.38. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.75. Kyndryl has a 12 month low of $10.10 and a 12 month high of $44.20.

Kyndryl (NYSE:KD) last issued its earnings results on Monday, February 9th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.08). The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. Kyndryl had a return on equity of 25.91% and a net margin of 1.65%.The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. On average, sell-side analysts anticipate that Kyndryl will post 1.29 EPS for the current fiscal year.

Institutional Trading of Kyndryl

A number of institutional investors have recently bought and sold shares of KD. Royal Bank of Canada boosted its position in Kyndryl by 50.2% during the first quarter. Royal Bank of Canada now owns 148,178 shares of the company’s stock valued at $4,653,000 after purchasing an additional 49,504 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Kyndryl by 15.8% during the first quarter. Integrated Wealth Concepts LLC now owns 8,025 shares of the company’s stock valued at $252,000 after purchasing an additional 1,093 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Kyndryl by 1.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 733,068 shares of the company’s stock valued at $23,018,000 after purchasing an additional 11,177 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Kyndryl by 116.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,616 shares of the company’s stock valued at $110,000 after purchasing an additional 1,410 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Kyndryl by 29.8% during the second quarter. First Trust Advisors LP now owns 408,123 shares of the company’s stock valued at $17,125,000 after purchasing an additional 93,726 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

About Kyndryl

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.