Brokerages Set Kyndryl Holdings, Inc. (NYSE:KD) Target Price at $28.50

Shares of Kyndryl Holdings, Inc. (NYSE:KD) have received a consensus rating of “Buy” from the five analysts that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $29.40.

Several research analysts recently commented on the stock. Scotiabank lifted their target price on shares of Kyndryl from $28.00 to $30.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 13th. Oppenheimer assumed coverage on shares of Kyndryl in a research note on Thursday. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, Susquehanna lifted their target price on shares of Kyndryl from $27.00 to $33.00 and gave the stock a “positive” rating in a research note on Thursday, May 9th.

Kyndryl Trading Up 1.0 %

Shares of KD opened at $26.31 on Thursday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.03 and a current ratio of 1.03. Kyndryl has a fifty-two week low of $11.92 and a fifty-two week high of $28.60. The firm has a 50 day moving average price of $24.97 and a 200-day moving average price of $22.41. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of -17.66, a PEG ratio of 5.99 and a beta of 1.70.

Kyndryl (NYSE:KD) last issued its earnings results on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.11. Kyndryl had a negative net margin of 2.12% and a negative return on equity of 4.11%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm earned ($0.21) earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Kyndryl will post 0.87 earnings per share for the current year.

Insider Buying and Selling at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 30,430 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $26.36, for a total transaction of $802,134.80. Following the transaction, the senior vice president now directly owns 78,722 shares of the company’s stock, valued at approximately $2,075,111.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.04% of the company’s stock.

Institutional Trading of Kyndryl

A number of hedge funds and other institutional investors have recently modified their holdings of KD. Acadian Asset Management LLC purchased a new stake in shares of Kyndryl in the 1st quarter worth about $26,000. ORG Partners LLC lifted its stake in Kyndryl by 622.4% during the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock valued at $31,000 after acquiring an additional 1,220 shares during the period. Fortis Group Advisors LLC lifted its stake in Kyndryl by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock valued at $33,000 after acquiring an additional 800 shares during the period. Atlas Capital Advisors LLC bought a new position in Kyndryl during the 1st quarter valued at about $33,000. Finally, Raleigh Capital Management Inc. lifted its stake in Kyndryl by 100.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,030 shares of the company’s stock valued at $46,000 after acquiring an additional 1,517 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Company Profile

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.