Kyndryl Holdings, Inc. (NYSE:KD) Receives $29.40 Average PT from Analysts

Shares of Kyndryl Holdings, Inc. (NYSE:KD) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $29.40.

Separately, Oppenheimer initiated coverage on shares of Kyndryl in a report on Thursday, June 27th. They issued an “outperform” rating and a $33.00 target price on the stock.

Kyndryl Stock Performance

Shares of Kyndryl stock opened at $22.93 on Tuesday. The business’s 50 day moving average price is $24.45 and its 200 day moving average price is $23.91. The company has a market cap of $5.30 billion, a price-to-earnings ratio of -15.39, a PEG ratio of 4.77 and a beta of 1.64. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.03 and a current ratio of 1.03. Kyndryl has a one year low of $13.87 and a one year high of $28.60.

Kyndryl (NYSE:KD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.78 billion. On average, research analysts predict that Kyndryl will post 0.95 EPS for the current year.

Institutional Trading of Kyndryl

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Kyndryl by 33.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock worth $44,000 after purchasing an additional 422 shares in the last quarter. Simplicity Wealth LLC lifted its stake in Kyndryl by 3.0% during the 2nd quarter. Simplicity Wealth LLC now owns 15,745 shares of the company’s stock worth $414,000 after acquiring an additional 454 shares in the last quarter. Headlands Technologies LLC boosted its holdings in Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after acquiring an additional 554 shares during the period. SummerHaven Investment Management LLC grew its position in Kyndryl by 1.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 57,493 shares of the company’s stock valued at $1,513,000 after acquiring an additional 563 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC grew its position in Kyndryl by 0.8% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 95,307 shares of the company’s stock valued at $2,074,000 after acquiring an additional 730 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

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.