Zacks Research Upgrades Kyndryl (NYSE:KD) to Hold

Kyndryl (NYSE:KD) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

KD has been the topic of several other reports. Susquehanna set a $35.00 price objective on shares of Kyndryl in a research report on Thursday, November 6th. JPMorgan Chase & Co. cut their price objective on Kyndryl from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Kyndryl in a research note on Wednesday, October 8th. Finally, Morgan Stanley started coverage on Kyndryl in a research report on Friday, September 26th. They set an “equal weight” rating and a $30.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kyndryl has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Kyndryl Price Performance

Shares of Kyndryl stock traded up $0.11 during trading on Wednesday, reaching $25.70. The company’s stock had a trading volume of 2,438,475 shares, compared to its average volume of 2,347,542. Kyndryl has a 12-month low of $24.49 and a 12-month high of $44.20. The company has a market capitalization of $5.87 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 2.91 and a beta of 1.84. The business has a 50 day moving average price of $29.29 and a 200-day moving average price of $34.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.24.

Kyndryl (NYSE:KD) last released its earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. Kyndryl had a return on equity of 25.76% and a net margin of 2.71%.The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the prior year, the firm posted $0.01 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Kyndryl has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Kyndryl will post 0.73 EPS for the current year.

Institutional Trading of Kyndryl

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Kyndryl by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 28,186,677 shares of the company’s stock worth $846,446,000 after buying an additional 1,619,048 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Kyndryl by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,607,829 shares of the company’s stock worth $138,375,000 after buying an additional 180,237 shares during the last quarter. Geode Capital Management LLC raised its position in Kyndryl by 5.0% in the second quarter. Geode Capital Management LLC now owns 4,277,559 shares of the company’s stock worth $179,515,000 after acquiring an additional 203,986 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Kyndryl by 386.2% during the 3rd 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 in the last quarter. Finally, GMT Capital Corp boosted its position in shares of Kyndryl by 24.2% in the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock worth $115,924,000 after buying an additional 718,300 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

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.