Kyndryl (NYSE:KD) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Kyndryl (NYSE:KD) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on KD. Oppenheimer increased their target price on Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Finally, Morgan Stanley initiated coverage on shares of Kyndryl in a report on Friday, September 26th. They set an “equal weight” rating and a $30.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $42.00.

Kyndryl Price Performance

KD stock opened at $29.98 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50-day moving average is $32.19 and its 200-day moving average is $35.08. The stock has a market capitalization of $6.93 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 3.32 and a beta of 1.86. Kyndryl has a 1 year low of $22.35 and a 1 year high of $44.20.

Kyndryl (NYSE:KD) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. Equities research analysts expect that Kyndryl will post 0.73 EPS for the current fiscal year.

Institutional Trading of Kyndryl

Several institutional investors and hedge funds have recently made changes to their positions in KD. Nuveen LLC purchased a new position in Kyndryl during the first quarter worth about $30,466,000. GMT Capital Corp increased its stake in Kyndryl by 24.2% in the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock valued at $115,924,000 after buying an additional 718,300 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Kyndryl by 444.1% during the 1st quarter. MetLife Investment Management LLC now owns 711,965 shares of the company’s stock worth $22,356,000 after buying an additional 581,118 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Kyndryl by 39.5% in the 2nd quarter. Bank of America Corp DE now owns 1,767,574 shares of the company’s stock worth $74,167,000 after buying an additional 500,309 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Kyndryl in the 2nd quarter worth approximately $19,907,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

About Kyndryl

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.