Kyndryl (NYSE:KD) Given “Hold (C)” Rating at Weiss Ratings

Kyndryl (NYSE:KD)‘s stock had its “hold (c)” rating reiterated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Morgan Stanley began coverage on shares of Kyndryl in a research report on Friday, September 26th. They set an “equal weight” rating and a $30.00 target price on the stock. Zacks Research lowered shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Finally, Oppenheimer upped their target price on shares of Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.00.

Kyndryl Price Performance

KD stock opened at $30.12 on Wednesday. The firm has a 50 day moving average price of $31.35 and a 200-day moving average price of $34.93. Kyndryl has a 52-week low of $22.68 and a 52-week high of $44.20. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 3.35 and a beta of 1.85. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.05 and a current ratio of 1.05.

Kyndryl (NYSE:KD) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. Equities research analysts forecast that Kyndryl will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new position in Kyndryl in the first quarter valued at $27,000. Hollencrest Capital Management increased its stake in shares of Kyndryl by 637.7% during the first quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock worth $28,000 after purchasing an additional 778 shares in the last quarter. Quarry LP purchased a new stake in shares of Kyndryl during the first quarter worth about $28,000. ST Germain D J Co. Inc. increased its stake in shares of Kyndryl by 135.2% during the second quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Finally, Compass Financial Services Inc purchased a new stake in shares of Kyndryl during the first quarter worth about $30,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

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.