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

Shares of Kyndryl Holdings, Inc. (NYSE:KD) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $38.00.

KD has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Guggenheim upgraded shares of Kyndryl to a “strong-buy” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. decreased their price target on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Susquehanna set a $35.00 price target on Kyndryl in a research report on Thursday, November 6th. Finally, Zacks Research upgraded Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th.

Insider Buying and Selling

In other Kyndryl news, SVP Vineet Khurana sold 6,641 shares of Kyndryl stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $26.69, for a total value of $177,248.29. Following the transaction, the senior vice president directly owned 59,708 shares of the company’s stock, valued at $1,593,606.52. The trade was a 10.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kyndryl

Hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its position in Kyndryl by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 65,500 shares of the company’s stock worth $2,748,000 after purchasing an additional 300 shares during the last quarter. Assetmark Inc. increased its stake in Kyndryl by 75.3% during the second quarter. Assetmark Inc. now owns 775 shares of the company’s stock valued at $33,000 after acquiring an additional 333 shares during the period. Bessemer Group Inc. increased its stake in Kyndryl by 11.2% during the second quarter. Bessemer Group Inc. now owns 3,476 shares of the company’s stock valued at $145,000 after acquiring an additional 351 shares during the period. Coldstream Capital Management Inc. raised its holdings in Kyndryl by 4.9% in the 2nd quarter. Coldstream Capital Management Inc. now owns 7,933 shares of the company’s stock valued at $333,000 after acquiring an additional 368 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Kyndryl by 4.1% in the 2nd quarter. ProShare Advisors LLC now owns 10,316 shares of the company’s stock worth $433,000 after acquiring an additional 402 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

NYSE KD opened at $23.34 on Tuesday. 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 firm has a market cap of $5.33 billion, a P/E ratio of 13.81 and a beta of 1.85. The stock’s 50-day moving average is $26.04 and its two-hundred day moving average is $28.94. Kyndryl has a fifty-two week low of $22.78 and a fifty-two week high of $44.20.

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

Kyndryl Company Profile

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.