Analysts Set Kyndryl Holdings, Inc. (NYSE:KD) PT at $22.57

Kyndryl Holdings, Inc. (NYSE:KD) has been assigned an average recommendation of “Reduce” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $22.5714.

A number of research analysts recently commented on the stock. Oppenheimer reiterated a “market perform” rating on shares of Kyndryl in a research note on Monday, February 9th. Guggenheim lowered shares of Kyndryl from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 10th. Zacks Research lowered shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. BMO Capital Markets assumed coverage on shares of Kyndryl in a research note on Monday, April 20th. They issued a “market perform” rating and a $15.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered shares of Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 price target on the stock. in a research note on Monday, February 9th.

Kyndryl Trading Up 3.1%

Shares of NYSE KD opened at $11.67 on Thursday. The company’s fifty day moving average is $12.91 and its 200-day moving average is $19.48. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 13.73 and a beta of 1.72. Kyndryl has a twelve month low of $10.10 and a twelve month high of $44.20. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.75.

Kyndryl (NYSE:KD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.25). Kyndryl had a return on equity of 20.29% and a net margin of 1.31%.The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the business earned $0.52 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts predict that Kyndryl will post 1.81 EPS for the current year.

Institutional Trading of Kyndryl

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new position in Kyndryl in the 4th quarter valued at approximately $29,000. Quarry LP bought a new position in Kyndryl in the 4th quarter valued at approximately $31,000. Smartleaf Asset Management LLC lifted its stake in Kyndryl by 192.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company’s stock valued at $35,000 after purchasing an additional 770 shares during the last quarter. NBT Bank N A NY lifted its stake in Kyndryl by 3,220.0% in the 4th quarter. NBT Bank N A NY now owns 1,328 shares of the company’s stock valued at $35,000 after purchasing an additional 1,288 shares during the last quarter. Finally, NFSG Corp lifted its stake in Kyndryl by 177.2% in the 1st quarter. NFSG Corp now owns 2,830 shares of the company’s stock valued at $37,000 after purchasing an additional 1,809 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

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.