Kyndryl Holdings, Inc. (NYSE:KD) Given Average Recommendation of “Reduce” by Analysts

Kyndryl Holdings, Inc. (NYSE:KD) has received an average rating of “Reduce” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $25.60.

A number of analysts have recently commented on the company. Guggenheim downgraded Kyndryl from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 10th. Susquehanna reduced their price target on shares of Kyndryl from $35.00 to $16.00 and set a “positive” rating for the company in a research report on Friday, February 13th. Scotiabank started coverage on Kyndryl in a research note on Tuesday, January 27th. They issued an “outperform” rating for the company. Oppenheimer reissued a “market perform” rating on shares of Kyndryl in a research note on Monday, February 9th. Finally, Morgan Stanley lowered their price target on Kyndryl from $28.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 24th.

Kyndryl Stock Performance

Shares of KD opened at $13.13 on Wednesday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 12.50 and a beta of 1.92. The business’s 50 day moving average is $15.35 and its two-hundred day moving average is $23.23. 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 has a 52-week low of $10.10 and a 52-week high of $44.20.

Kyndryl (NYSE:KD) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.08). The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. Kyndryl had a net margin of 1.65% and a return on equity of 25.91%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. Analysts forecast that Kyndryl will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KD. Coldstream Capital Management Inc. grew its position in Kyndryl by 4.9% in the second quarter. Coldstream Capital Management Inc. now owns 7,933 shares of the company’s stock valued at $333,000 after acquiring an additional 368 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Kyndryl by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 77,612 shares of the company’s stock valued at $2,331,000 after acquiring an additional 421 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Kyndryl by 17.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,064 shares of the company’s stock worth $92,000 after buying an additional 448 shares during the period. Trust Co. of Vermont raised its position in shares of Kyndryl by 16.2% during the 3rd quarter. Trust Co. of Vermont now owns 3,411 shares of the company’s stock valued at $102,000 after acquiring an additional 475 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Kyndryl by 3.4% in the third quarter. Crossmark Global Holdings Inc. now owns 14,625 shares of the company’s stock valued at $439,000 after purchasing an additional 487 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

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.