Kyndryl (NYSE:KD - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.
KD has been the topic of a number of other reports. Oppenheimer raised their target price on shares of Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Susquehanna lowered their price objective 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.
Get Our Latest Research Report on KD
Kyndryl Stock Up 4.0%
Shares of Kyndryl stock traded up $1.57 during trading hours on Friday, hitting $40.88. The company had a trading volume of 1,792,048 shares, compared to its average volume of 1,992,207. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.07 and a quick ratio of 1.07. The company's 50-day moving average is $36.84 and its two-hundred day moving average is $36.34. The company has a market cap of $9.46 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 0.87 and a beta of 1.95. Kyndryl has a twelve month low of $21.34 and a twelve month high of $43.61.
Kyndryl (NYSE:KD - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, hitting analysts' consensus estimates of $0.52. Kyndryl had a return on equity of 15.97% and a net margin of 1.67%. The business had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The business's revenue was down 1.3% compared to the same quarter last year. Analysts anticipate that Kyndryl will post 0.73 earnings per share for the current fiscal year.
Insider Activity
In other news, SVP Vineet Khurana sold 26,451 shares of Kyndryl stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $39.14, for a total value of $1,035,292.14. Following the sale, the senior vice president now owns 73,278 shares of the company's stock, valued at $2,868,100.92. The trade was a 26.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company's stock.
Institutional Investors Weigh In On Kyndryl
A number of hedge funds have recently added to or reduced their stakes in KD. Voya Investment Management LLC increased its holdings in shares of Kyndryl by 56.2% in the 1st quarter. Voya Investment Management LLC now owns 71,664 shares of the company's stock valued at $2,250,000 after purchasing an additional 25,784 shares in the last quarter. Compass Financial Services Inc acquired a new position in Kyndryl during the first quarter worth about $30,000. First Hawaiian Bank purchased a new position in Kyndryl in the first quarter valued at about $923,000. Anderson Financial Strategies LLC lifted its position in shares of Kyndryl by 35.6% during the 1st quarter. Anderson Financial Strategies LLC now owns 2,947 shares of the company's stock valued at $93,000 after acquiring an additional 774 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Kyndryl during the 1st quarter valued at approximately $5,242,000. Institutional investors and hedge funds own 71.53% of the company's stock.
Kyndryl Company Profile
(
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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