Kyndryl (NYSE:KD) Upgraded at Guggenheim

Guggenheim upgraded shares of Kyndryl (NYSE:KD) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Susquehanna set a $35.00 price target on Kyndryl in a report on Thursday, November 6th. Zacks Research raised Kyndryl from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. JPMorgan Chase & Co. reduced their target price on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company 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. Finally, Morgan Stanley assumed coverage on shares of Kyndryl in a research note on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Kyndryl currently has an average rating of “Moderate Buy” and an average target price of $38.00.

Kyndryl Stock Up 1.5%

Shares of KD opened at $25.83 on Wednesday. Kyndryl has a 52 week low of $23.28 and a 52 week high of $44.20. The firm has a market cap of $5.90 billion, a P/E ratio of 15.28 and a beta of 1.84. The firm’s 50-day simple moving average is $27.77 and its 200 day simple moving average is $33.68. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.02 and a current ratio of 1.02.

Kyndryl (NYSE:KD) last issued its quarterly earnings data 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. Kyndryl had a net margin of 2.71% and a return on equity of 25.76%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period last year, the business posted $0.01 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. On average, analysts forecast that Kyndryl will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On Kyndryl

A number of large investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Kyndryl by 6.2% in the second quarter. GAMMA Investing LLC now owns 4,590 shares of the company’s stock valued at $193,000 after acquiring an additional 268 shares during the last quarter. MAI Capital Management increased its stake in shares of Kyndryl by 12.7% in the 1st quarter. MAI Capital Management now owns 2,641 shares of the company’s stock valued at $83,000 after purchasing an additional 297 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Kyndryl by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 65,500 shares of the company’s stock worth $2,748,000 after buying an additional 300 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Kyndryl by 0.5% during the 1st quarter. Intech Investment Management LLC now owns 66,751 shares of the company’s stock worth $2,096,000 after buying an additional 318 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in Kyndryl by 75.3% in the second quarter. Assetmark Inc. now owns 775 shares of the company’s stock valued at $33,000 after buying an additional 333 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

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.