Kyndryl (NYSE:KD) Upgraded at Zacks Research

Zacks Research upgraded shares of Kyndryl (NYSE:KD) from a strong sell rating to a hold rating in a report published on Wednesday,Zacks.com reports.

KD has been the topic of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Susquehanna set a $35.00 price target on shares of Kyndryl in a research note on Thursday, November 6th. Morgan Stanley assumed coverage on shares of Kyndryl in a report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Kyndryl Price Performance

Kyndryl stock opened at $25.70 on Wednesday. The business’s 50 day simple moving average is $29.29 and its 200 day simple moving average is $34.36. Kyndryl has a 12 month low of $24.49 and a 12 month high of $44.20. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 2.83 and a beta of 1.84. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.24.

Kyndryl (NYSE:KD) last issued its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the company posted $0.01 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. Sell-side analysts forecast that Kyndryl will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Magnetar Financial LLC purchased a new position in Kyndryl in the 1st quarter worth approximately $943,000. Landscape Capital Management L.L.C. bought a new position in shares of Kyndryl in the first quarter worth approximately $605,000. Raymond James Financial Inc. increased its stake in shares of Kyndryl by 10.6% in the first quarter. Raymond James Financial Inc. now owns 363,043 shares of the company’s stock worth $11,400,000 after buying an additional 34,735 shares during the period. Hsbc Holdings PLC increased its stake in shares of Kyndryl by 29.0% in the first quarter. Hsbc Holdings PLC now owns 38,094 shares of the company’s stock worth $1,190,000 after buying an additional 8,559 shares during the period. Finally, Voya Investment Management LLC raised its holdings in Kyndryl by 56.2% during the 1st quarter. Voya Investment Management LLC now owns 71,664 shares of the company’s stock valued at $2,250,000 after buying an additional 25,784 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

Kyndryl Company Profile

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.