Kyndryl (NYSE:KD) Given "Hold (C)" Rating at Weiss Ratings

Kyndryl (NYSE:KD - Get Free Report)'s stock had its "hold (c)" rating reissued by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also recently commented on KD. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Oppenheimer lifted their price objective on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Zacks Research lowered Kyndryl from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. Finally, Morgan Stanley assumed coverage on Kyndryl in a research note on Friday, September 26th. They issued an "equal weight" rating and a $30.00 target price for the company. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Kyndryl currently has a consensus rating of "Hold" and an average target price of $42.00.

Kyndryl Trading Up 0.8%

Shares of NYSE:KD opened at $30.12 on Wednesday. The company has a market capitalization of $6.96 billion, a P/E ratio of 24.89, a P/E/G ratio of 3.35 and a beta of 1.85. Kyndryl has a 1 year low of $22.68 and a 1 year high of $44.20. 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 business's 50 day simple moving average is $31.35 and its 200 day simple moving average is $34.93.

Kyndryl (NYSE:KD - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The firm 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 company's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. On average, research analysts anticipate that Kyndryl will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Kyndryl

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.