Kyndryl (NYSE:KD) Price Target Raised to $55.00 at Oppenheimer

Kyndryl (NYSE:KD - Free Report) had its price target upped by Oppenheimer from $47.00 to $55.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the stock. Wall Street Zen upgraded shares of Kyndryl from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Susquehanna cut their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd.

Kyndryl Price Performance

Kyndryl stock traded down $1.66 during mid-day trading on Tuesday, reaching $39.93. 1,153,984 shares of the company's stock traded hands, compared to its average volume of 2,016,407. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 38.82, a PEG ratio of 0.96 and a beta of 1.93. The stock has a 50 day moving average of $39.80 and a two-hundred day moving average of $36.97. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.29. Kyndryl has a 12-month low of $21.34 and a 12-month high of $44.20.

Kyndryl (NYSE:KD - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Kyndryl had a net margin of 1.67% and a return on equity of 15.97%. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. The business's revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts forecast that Kyndryl will post 0.73 earnings per share for the current year.

Insider Transactions at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 26,451 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $39.14, for a total transaction of $1,035,292.14. Following the transaction, the senior vice president directly owned 73,278 shares in the company, valued at $2,868,100.92. This represents a 26.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Kyndryl

A number of institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Kyndryl by 251.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,345 shares of the company's stock valued at $224,000 after buying an additional 3,826 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Kyndryl by 20.1% in the 2nd quarter. Harbour Capital Advisors LLC now owns 36,870 shares of the company's stock valued at $1,562,000 after buying an additional 6,180 shares in the last quarter. Sky Investment Group LLC boosted its holdings in shares of Kyndryl by 0.4% in the 2nd quarter. Sky Investment Group LLC now owns 103,720 shares of the company's stock valued at $4,352,000 after buying an additional 370 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Kyndryl in the 2nd quarter valued at about $5,026,000. Finally, Atticus Wealth Management LLC raised its position in shares of Kyndryl by 27,708.3% in the 2nd quarter. Atticus Wealth Management LLC now owns 3,337 shares of the company's stock valued at $140,000 after purchasing an additional 3,325 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.