Kyndryl (NYSE:KD) Hits New 1-Year Low – Time to Sell?

Shares of Kyndryl Holdings, Inc. (NYSE:KD) reached a new 52-week low during trading on Monday . The stock traded as low as $24.43 and last traded at $24.25, with a volume of 1891717 shares traded. The stock had previously closed at $25.72.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KD. Susquehanna set a $35.00 price objective on shares of Kyndryl in a research report on Thursday, November 6th. JPMorgan Chase & Co. dropped their price target on shares of Kyndryl from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Zacks Research raised Kyndryl from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Morgan Stanley assumed coverage on Kyndryl in a research note on Friday, September 26th. They set an “equal weight” rating and a $30.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Kyndryl Stock Performance

The company has a market cap of $5.38 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 2.67 and a beta of 1.84. 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 fifty day simple moving average of $28.92 and a 200 day simple moving average of $34.26.

Kyndryl (NYSE:KD) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Kyndryl had a net margin of 2.71% and a return on equity of 25.76%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the previous year, the company earned $0.01 earnings per share. Kyndryl’s revenue for the quarter was down 1.4% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. On average, sell-side analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kyndryl

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of 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 period. MAI Capital Management raised its stake in Kyndryl by 12.7% in the 1st quarter. MAI Capital Management now owns 2,641 shares of the company’s stock worth $83,000 after purchasing an additional 297 shares in the last quarter. Louisiana State Employees Retirement System raised its stake 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 in the last quarter. Intech Investment Management LLC boosted its holdings in Kyndryl by 0.5% in the 1st quarter. Intech Investment Management LLC now owns 66,751 shares of the company’s stock valued at $2,096,000 after purchasing an additional 318 shares during the period. Finally, Assetmark Inc. grew its position in shares of Kyndryl by 75.3% during the 2nd quarter. Assetmark Inc. now owns 775 shares of the company’s stock worth $33,000 after purchasing an additional 333 shares in the last quarter. 71.53% of the stock is 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.