Kyndryl (NYSE:KD) Price Target Lowered to $40.00 at JPMorgan Chase & Co.

Kyndryl (NYSE:KD) had its target price reduced by JPMorgan Chase & Co. from $45.00 to $40.00 in a report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts have also recently issued reports on KD. Morgan Stanley began coverage on Kyndryl in a report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 price objective for the company. Susquehanna set a $35.00 price target on shares of Kyndryl in a research note on Thursday. Zacks Research cut shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Wall Street Zen downgraded shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Finally, Weiss Ratings reaffirmed 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, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Kyndryl Price Performance

Kyndryl stock traded down $0.18 during mid-day trading on Thursday, hitting $26.35. 4,056,060 shares of the company traded hands, compared to its average volume of 2,344,482. 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 has a one year low of $24.49 and a one year high of $44.20. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 2.93 and a beta of 1.84. The stock has a fifty day moving average price of $30.00 and a 200-day moving average price of $34.57.

Kyndryl (NYSE:KD) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. Kyndryl had a net margin of 2.71% and a return on equity of 25.99%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter last year, the company posted $0.01 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Kyndryl has set its FY 2026 guidance at EPS. On average, equities analysts predict that Kyndryl will post 0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KD. GAMMA Investing LLC increased its stake in shares of Kyndryl by 6.2% during the second quarter. GAMMA Investing LLC now owns 4,590 shares of the company’s stock valued at $193,000 after buying an additional 268 shares during the period. MAI Capital Management raised its holdings 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 lifted its position in shares of 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 during the period. Intech Investment Management LLC increased its position in shares of Kyndryl by 0.5% during the first quarter. Intech Investment Management LLC now owns 66,751 shares of the company’s stock valued at $2,096,000 after buying an additional 318 shares during the period. Finally, Assetmark Inc. raised its stake in Kyndryl by 75.3% in the second quarter. Assetmark Inc. now owns 775 shares of the company’s stock worth $33,000 after buying an additional 333 shares in the last quarter. Institutional investors own 71.53% of the company’s stock.

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.