Kyndryl Holdings, Inc. (NYSE:KD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Kyndryl Holdings, Inc. (NYSE:KD) have received an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $38.00.

A number of analysts recently weighed in on KD shares. Zacks Research raised shares of Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Susquehanna set a $35.00 price objective on Kyndryl in a research note on Thursday, November 6th. JPMorgan Chase & Co. cut their target price on Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Finally, Guggenheim raised shares of Kyndryl to a “strong-buy” rating in a report on Wednesday, November 26th.

Kyndryl Stock Up 1.5%

KD opened at $23.34 on Tuesday. The company has a market capitalization of $5.33 billion, a P/E ratio of 13.81 and a beta of 1.85. 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’s fifty day moving average price is $26.04 and its two-hundred day moving average price is $28.94. Kyndryl has a fifty-two week low of $22.78 and a fifty-two week high of $44.20.

Kyndryl (NYSE:KD) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the company posted $0.01 EPS. The business’s revenue was down 1.4% on a year-over-year basis. On average, analysts anticipate that Kyndryl will post 0.73 EPS for the current year.

Insider Activity at Kyndryl

In related news, SVP Vineet Khurana sold 6,641 shares of Kyndryl stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $26.69, for a total value of $177,248.29. Following the completion of the transaction, the senior vice president directly owned 59,708 shares of the company’s stock, valued at $1,593,606.52. The trade was a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Kyndryl

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Kyndryl by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 28,331,302 shares of the company’s stock valued at $752,479,000 after purchasing an additional 144,625 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Kyndryl by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,607,829 shares of the company’s stock valued at $138,375,000 after buying an additional 180,237 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Kyndryl by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 4,277,559 shares of the company’s stock valued at $179,515,000 after buying an additional 203,986 shares during the period. AQR Capital Management LLC raised its position in shares of Kyndryl by 386.2% during the third quarter. AQR Capital Management LLC now owns 4,187,177 shares of the company’s stock worth $125,113,000 after acquiring an additional 3,326,025 shares during the last quarter. Finally, Zimmer Partners LP lifted its stake in shares of Kyndryl by 7.4% during the third quarter. Zimmer Partners LP now owns 2,227,904 shares of the company’s stock valued at $66,904,000 after acquiring an additional 153,247 shares during the period. 71.53% of the stock is owned by institutional investors.

About Kyndryl

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.