JPMorgan Chase & Co. assumed coverage on shares of Kyndryl (NYSE:KD – Get Rating) in a research note issued to investors on Tuesday morning, The Fly reports. The brokerage issued a neutral rating and a $12.00 target price on the stock.
Kyndryl Stock Up 3.0 %
Shares of NYSE:KD opened at $10.95 on Tuesday. Kyndryl has a 1 year low of $9.10 and a 1 year high of $52.00. The business’s 50-day moving average is $10.31 and its 200-day moving average is $12.39. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.27.
Kyndryl (NYSE:KD – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported ($0.18) EPS for the quarter. Kyndryl had a negative return on equity of 42.09% and a negative net margin of 10.70%. The company had revenue of $4.43 billion for the quarter. On average, research analysts anticipate that Kyndryl will post -1.18 EPS for the current fiscal year.
Insider Transactions at Kyndryl
Institutional Investors Weigh In On Kyndryl
Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp purchased a new stake in Kyndryl in the 4th quarter worth $125,742,000. JPMorgan Chase & Co. bought a new position in Kyndryl during the 4th quarter valued at about $61,786,000. National Bank of Canada FI grew its stake in Kyndryl by 4,594.5% in the 2nd quarter. National Bank of Canada FI now owns 3,120,770 shares of the company’s stock worth $30,521,000 after acquiring an additional 3,054,293 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new position in Kyndryl in the 4th quarter worth about $53,416,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Kyndryl in the 4th quarter worth approximately $45,771,000. Institutional investors own 44.48% of the company’s stock.
Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and cloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.
- Get a free copy of the StockNews.com research report on Kyndryl (KD)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for Kyndryl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kyndryl and related companies with MarketBeat.com's FREE daily email newsletter.