Kyndryl Holdings, Inc. (NYSE:KD - Get Free Report) traded down 4.9% during trading on Friday . The stock traded as low as $29.11 and last traded at $29.13. 608,857 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 2,330,642 shares. The stock had previously closed at $30.62.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Morgan Stanley initiated coverage on Kyndryl in a research report on Friday. They issued an "equal weight" rating and a $30.00 price target on the stock. Oppenheimer lifted their price objective on Kyndryl from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen lowered Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.00.
Read Our Latest Stock Report on Kyndryl
Kyndryl Trading Down 3.0%
The company has a 50 day moving average of $32.93 and a 200 day moving average of $35.21. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 3.47 and a beta of 1.89.
Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.Kyndryl's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. As a group, research analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.
Hedge Funds Weigh In On Kyndryl
A number of institutional investors and hedge funds have recently bought and sold shares of KD. Opal Wealth Advisors LLC acquired a new position in Kyndryl in the first quarter worth $27,000. Hollencrest Capital Management boosted its stake in Kyndryl by 637.7% in the first quarter. Hollencrest Capital Management now owns 900 shares of the company's stock worth $28,000 after purchasing an additional 778 shares in the last quarter. Quarry LP acquired a new position in Kyndryl in the first quarter worth $28,000. ST Germain D J Co. Inc. boosted its stake in Kyndryl by 135.2% in the second quarter. ST Germain D J Co. Inc. now owns 668 shares of the company's stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Finally, Compass Financial Services Inc acquired a new position in Kyndryl in the first quarter worth $30,000. Institutional investors and hedge funds own 71.53% of the company's stock.
About Kyndryl
(
Get Free Report)
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.
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