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

Kyndryl Holdings, Inc. (NYSE:KD) has received a consensus recommendation of “Reduce” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $22.1429.

KD has been the topic of several research analyst reports. Wall Street Zen lowered shares of Kyndryl from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets initiated coverage on shares of Kyndryl in a research report on Monday, April 20th. They issued a “market perform” rating and a $15.00 price target on the stock. Susquehanna lowered shares of Kyndryl from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $16.00 to $13.00 in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of Kyndryl from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 18th. Finally, Zacks Research downgraded shares of Kyndryl from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th.

Kyndryl Stock Performance

NYSE KD opened at $11.69 on Monday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 13.75 and a beta of 1.66. The company’s fifty day moving average is $12.66 and its two-hundred day moving average is $17.61. 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 Wednesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.25). The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.74 billion. Kyndryl had a return on equity of 20.43% and a net margin of 1.31%.The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities research analysts forecast that Kyndryl will post 1.59 EPS for the current year.

Hedge Funds Weigh In On Kyndryl

Hedge funds and other institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new position in shares of Kyndryl during the 4th quarter worth about $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Kyndryl by 192.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company’s stock worth $35,000 after acquiring an additional 770 shares during the period. Quarry LP bought a new position in shares of Kyndryl during the 4th quarter worth about $31,000. NBT Bank N A NY lifted its holdings in shares of Kyndryl by 3,220.0% during the 4th quarter. NBT Bank N A NY now owns 1,328 shares of the company’s stock worth $35,000 after acquiring an additional 1,288 shares during the period. Finally, Optiver Holding B.V. bought a new position in shares of Kyndryl during the 3rd quarter worth about $40,000. 71.53% of the stock is owned by institutional investors.

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.