Kyndryl (NYSE:KD) Downgraded to Buy Rating by Wall Street Zen

Kyndryl (NYSE:KD - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

Other research analysts have also recently issued reports about the stock. Susquehanna reduced their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer increased their price target on shares of Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th.

Kyndryl Price Performance

Shares of KD stock traded up $0.27 during trading on Friday, hitting $39.14. The company had a trading volume of 1,989,416 shares, compared to its average volume of 2,019,439. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The stock's 50-day moving average is $33.50 and its two-hundred day moving average is $35.23. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 71.16, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. Kyndryl has a 52 week low of $21.34 and a 52 week high of $43.61.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. The company had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.77 billion. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. Kyndryl's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. As a group, analysts predict that Kyndryl will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Kyndryl by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company's stock valued at $964,434,000 after acquiring an additional 79,575 shares during the last quarter. FMR LLC grew its holdings in shares of Kyndryl by 105.5% in the fourth quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after purchasing an additional 6,371,541 shares during the last quarter. GMT Capital Corp grew its holdings in shares of Kyndryl by 24.2% in the first quarter. GMT Capital Corp now owns 3,691,860 shares of the company's stock worth $115,924,000 after purchasing an additional 718,300 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Kyndryl by 123.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after purchasing an additional 2,033,549 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Kyndryl by 39.9% in the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock worth $81,177,000 after purchasing an additional 669,097 shares during the last quarter. 71.53% of the stock is currently owned by 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.