Kyndryl (NYSE:KD) Stock Breaks Below 200 Day Moving Average – Here’s What Happened

Kyndryl Holdings, Inc. (NYSE:KD) shares passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $13.58 and traded as low as $13.48. Kyndryl shares last traded at $13.5610, with a volume of 3,491,471 shares trading hands.

Key Kyndryl News

Here are the key news stories impacting Kyndryl this week:

• Positive Sentiment: Kyndryl reported quarterly earnings of $0.42 per share, above estimates of roughly $0.38, and revenue of $3.65 billion, slightly ahead of forecasts. Adjusted profit improved from a year earlier. Kyndryl Q2 earnings beat
• Positive Sentiment: Management reaffirmed its fiscal 2027 outlook, including a target of $400 million–$500 million in free cash flow. It also aims for $400 million–$500 million in annualized operating-cost savings in fiscal 2028. Kyndryl reaffirms cash-flow and savings targets
• Positive Sentiment: The company cited strong contract signings, including 43 deals worth more than $50 million over the past year, alongside growth in Kyndryl Consult and hyperscaler-related revenue. Those trends support management’s confidence in its outlook. Kyndryl: 3 key takeaways
• Negative Sentiment: Revenue was down 1.9% year over year, while reported net income was $59 million. The modest decline in sales remains a concern despite the earnings beat and stronger adjusted results. Kyndryl reports second-quarter fiscal 2027 results

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Zacks Research raised shares of Kyndryl from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. JPMorgan Chase & Co. raised their price target on Kyndryl from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Monday, August 10th. Weiss Ratings downgraded Kyndryl from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of Kyndryl in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $16.50.

Kyndryl Stock Performance

The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.85. The business’s fifty day simple moving average is $12.90 and its 200-day simple moving average is $13.45. The firm has a market capitalization of $3.74 billion, a PE ratio of 19.31 and a beta of 1.62.

Kyndryl (NYSE:KD) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Kyndryl had a net margin of 0.58% and a return on equity of 12.24%. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Kyndryl Holdings, Inc. will post 1.36 EPS for the current year.

Institutional Trading of Kyndryl

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its position in Kyndryl by 6.8% in the second quarter. State Street Corp now owns 7,792,865 shares of the company’s stock worth $88,137,000 after purchasing an additional 492,925 shares during the last quarter. Sound Shore Management Inc. CT raised its stake in Kyndryl by 39.5% during the first quarter. Sound Shore Management Inc. CT now owns 4,147,984 shares of the company’s stock valued at $54,422,000 after purchasing an additional 1,173,761 shares in the last quarter. Cooper Creek Partners Management LLC lifted its position in Kyndryl by 498.5% during the first quarter. Cooper Creek Partners Management LLC now owns 3,895,949 shares of the company’s stock valued at $51,115,000 after purchasing an additional 3,245,013 shares during the last quarter. Bank of America Corp DE lifted its position in Kyndryl by 12.8% during the first quarter. Bank of America Corp DE now owns 1,792,792 shares of the company’s stock valued at $23,521,000 after purchasing an additional 203,032 shares during the last quarter. Finally, Arnhold LLC lifted its position in Kyndryl by 6.1% during the third quarter. Arnhold LLC now owns 2,058,952 shares of the company’s stock valued at $23,184,000 after purchasing an additional 118,880 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors.

About Kyndryl

Kyndryl Holdings, Inc (NYSE:KD) is an information technology services company that designs, builds, manages and modernizes mission-critical technology systems for businesses and public-sector organizations. Its services help customers operate and transform complex IT environments, including cloud, data centers, networks, applications and digital workplaces.

The company provides consulting and implementation services as well as ongoing managed services. Its capabilities include cloud solutions, network and edge services, cybersecurity, data and artificial intelligence, application management, enterprise computing and technology modernization.