Kyndryl (NYSE:KD) Stock Price Up 6% – Here’s What Happened

Posted by Geri Gentry on Jun 16th, 2026

Kyndryl Holdings, Inc. (NYSE:KD – Get Free Report) shot up 6% on Tuesday . The company traded as high as $12.47 and last traded at $12.2640. 922,643 shares changed hands during trading, a decline of 80% from the average session volume of 4,679,197 shares. The stock had previously closed at $11.57.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KD. Zacks Research lowered Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Susquehanna lowered Kyndryl from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $16.00 to $13.00 in a research note on Thursday, May 21st. Weiss Ratings lowered Kyndryl from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 18th. Morgan Stanley decreased their price target on Kyndryl from $28.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 24th. Finally, BMO Capital Markets started coverage on Kyndryl in a research note on Monday, April 20th. They issued a “market perform” rating and a $15.00 price target on the stock. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $22.14.

View Our Latest Stock Report on KD

Kyndryl Trading Up 4.0%

The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 14.19 and a beta of 1.66. The business’s 50-day simple moving average is $12.62 and its two-hundred day simple moving average is $17.51. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.77.

Kyndryl (NYSE:KD – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.25). Kyndryl had a net margin of 1.31% and a return on equity of 20.43%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. Kyndryl’s revenue was down .8% on a year-over-year basis. Equities analysts forecast that Kyndryl Holdings, Inc. will post 1.59 earnings per share for the current year.

Institutional Investors Weigh In On Kyndryl

A number of institutional investors have recently made changes to their positions in KD. Chelsea Counsel Co. lifted its stake in Kyndryl by 11,000.0% during the 1st quarter. Chelsea Counsel Co. now owns 22,200 shares of the company’s stock worth $291,000 after acquiring an additional 22,000 shares in the last quarter. Western Wealth Management LLC acquired a new position in Kyndryl during the 1st quarter worth about $29,000. Bank of America Corp DE lifted its stake in Kyndryl by 12.8% during the 1st quarter. Bank of America Corp DE now owns 1,792,792 shares of the company’s stock worth $23,521,000 after acquiring an additional 203,032 shares in the last quarter. Bull Harbor Capital LLC acquired a new position in Kyndryl during the 1st quarter worth about $147,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Kyndryl by 24.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,469 shares of the company’s stock worth $72,000 after acquiring an additional 1,073 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Company Profile

(Get Free Report)

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.