Kyndryl Holdings, Inc. (NYSE:KD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Kyndryl Holdings, Inc. (NYSE:KD) has earned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $38.00.

Several research firms have recently weighed in on KD. Zacks Research upgraded shares of Kyndryl from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Morgan Stanley started coverage on Kyndryl in a report on Friday, September 26th. They set an “equal weight” rating and a $30.00 price target for the company. Guggenheim upgraded Kyndryl to a “strong-buy” rating in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Finally, Susquehanna set a $35.00 target price on Kyndryl in a report on Thursday, November 6th.

Kyndryl Trading Down 1.1%

Shares of Kyndryl stock opened at $26.88 on Monday. The stock has a market cap of $6.14 billion, a P/E ratio of 15.91 and a beta of 1.85. 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 has a 12-month low of $23.28 and a 12-month high of $44.20. The business’s 50 day moving average is $26.94 and its 200-day moving average is $32.65.

Kyndryl (NYSE:KD) last issued its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Kyndryl had a net margin of 2.71% and a return on equity of 25.76%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the company earned $0.01 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts predict that Kyndryl will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kyndryl news, SVP Vineet Khurana sold 6,641 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $26.69, for a total value of $177,248.29. Following the transaction, the senior vice president directly owned 59,708 shares in the company, valued at $1,593,606.52. The trade was a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KD. ST Germain D J Co. Inc. grew its position in shares of Kyndryl by 135.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Assetmark Inc. grew its position in Kyndryl by 75.3% during 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. Quarry LP acquired a new stake in Kyndryl during the first quarter worth approximately $28,000. Compass Financial Services Inc bought a new position in Kyndryl during the 1st quarter worth $30,000. Finally, Virtus Advisers LLC acquired a new position in Kyndryl in the 1st quarter valued at $31,000. 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.