Kyndryl (NYSE:KD) Downgraded by Zacks Research to Strong Sell

Kyndryl (NYSE:KD) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

KD has been the subject of a number of other reports. Oppenheimer boosted their target price on shares of Kyndryl from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Finally, Morgan Stanley started coverage on shares of Kyndryl in a research report on Friday, September 26th. They set an “equal weight” rating and a $30.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.00.

Kyndryl Price Performance

Shares of KD opened at $30.02 on Monday. The firm has a market capitalization of $6.94 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 3.33 and a beta of 1.89. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.05 and a quick ratio of 1.05. Kyndryl has a 1-year low of $22.26 and a 1-year high of $44.20. The company’s fifty day moving average price is $32.37 and its 200-day moving average price is $35.12.

Kyndryl (NYSE:KD) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Kyndryl had a net margin of 1.97% and a return on equity of 19.88%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share. Kyndryl has set its FY 2026 guidance at EPS. On average, equities research analysts predict that Kyndryl will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. ST Germain D J Co. Inc. raised its position in shares of 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 acquiring an additional 384 shares during the period. Assetmark Inc. raised its position in shares of Kyndryl by 75.3% in the second quarter. Assetmark Inc. now owns 775 shares of the company’s stock worth $33,000 after acquiring an additional 333 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Kyndryl in the first quarter worth about $27,000. Quarry LP acquired a new position in shares of Kyndryl during the 1st quarter worth about $28,000. Finally, Hollencrest Capital Management raised its position in shares of Kyndryl by 637.7% during the 1st quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock worth $28,000 after purchasing an additional 778 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

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.