Susquehanna Boosts Kyndryl (NYSE:KD) Price Target to $33.00

Kyndryl (NYSE:KD - Get Free Report) had its target price increased by equities researchers at Susquehanna from $27.00 to $33.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's price objective would indicate a potential upside of 25.09% from the stock's current price.

Kyndryl Price Performance

Shares of KD stock traded down $0.17 on Thursday, hitting $26.38. 3,140,411 shares of the stock traded hands, compared to its average volume of 1,638,974. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of -5.84, a PEG ratio of 5.79 and a beta of 1.57. The firm has a 50 day simple moving average of $21.29 and a two-hundred day simple moving average of $19.95. Kyndryl has a 52 week low of $11.35 and a 52 week high of $26.70.

Kyndryl (NYSE:KD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.11. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.76 billion. Kyndryl had a negative net margin of 6.27% and a negative return on equity of 7.39%. The company's quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) EPS. As a group, equities research analysts predict that Kyndryl will post -0.57 earnings per share for the current fiscal year.

Institutional Trading of Kyndryl

A number of institutional investors and hedge funds have recently modified their holdings of KD. Entropy Technologies LP acquired a new stake in shares of Kyndryl in the 1st quarter worth $345,000. Bleakley Financial Group LLC increased its holdings in shares of Kyndryl by 11.8% in the 1st quarter. Bleakley Financial Group LLC now owns 15,307 shares of the company's stock valued at $333,000 after purchasing an additional 1,621 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Kyndryl by 17.6% in the 1st quarter. Inspire Investing LLC now owns 74,880 shares of the company's stock valued at $1,629,000 after purchasing an additional 11,232 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Kyndryl by 23.4% during the first quarter. Sei Investments Co. now owns 260,771 shares of the company's stock worth $5,674,000 after buying an additional 49,520 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Kyndryl by 0.5% during the first quarter. Swiss National Bank now owns 453,100 shares of the company's stock worth $9,859,000 after buying an additional 2,100 shares in the last quarter. 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.