Kyndryl (NYSE:KD) Stock Rating Lowered by Wall Street Zen

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

A number of other brokerages have also recently weighed in on KD. Susquehanna decreased their price objective on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Oppenheimer upped their target price on Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th.

Kyndryl Stock Up 0.6%

Shares of KD stock traded up $0.22 during mid-day trading on Friday, hitting $39.44. The stock had a trading volume of 1,104,562 shares, compared to its average volume of 2,014,917. Kyndryl has a 12-month low of $21.34 and a 12-month high of $43.61. The firm has a market capitalization of $9.18 billion, a P/E ratio of 71.71, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The firm's 50-day moving average is $33.77 and its two-hundred day moving average is $35.36. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KD. Bessemer Group Inc. raised its stake in shares of Kyndryl by 9.4% in the fourth quarter. Bessemer Group Inc. now owns 2,881 shares of the company's stock worth $99,000 after purchasing an additional 247 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Kyndryl by 35.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $39,000 after purchasing an additional 297 shares during the last quarter. MAI Capital Management raised its stake in shares of Kyndryl by 12.7% in the first quarter. MAI Capital Management now owns 2,641 shares of the company's stock worth $83,000 after purchasing an additional 297 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Kyndryl by 0.5% in the first quarter. Intech Investment Management LLC now owns 66,751 shares of the company's stock worth $2,096,000 after purchasing an additional 318 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Kyndryl by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,298 shares of the company's stock worth $1,775,000 after purchasing an additional 332 shares during the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

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.