Kyndryl Holdings, Inc. (NYSE:KD) Receives $29.40 Consensus Price Target from Analysts

Kyndryl Holdings, Inc. (NYSE:KD) has earned a consensus recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.40.

A number of research analysts have issued reports on KD shares. Susquehanna upped their target price on shares of Kyndryl from $27.00 to $33.00 and gave the company a “positive” rating in a research report on Thursday, May 9th. Scotiabank boosted their price target on shares of Kyndryl from $28.00 to $30.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 13th. Finally, Oppenheimer assumed coverage on shares of Kyndryl in a research note on Thursday, June 27th. They issued an “outperform” rating and a $33.00 price objective on the stock.

Insider Transactions at Kyndryl

In other news, SVP Vineet Khurana sold 30,430 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $26.36, for a total value of $802,134.80. Following the completion of the sale, the senior vice president now directly owns 78,722 shares of the company’s stock, valued at approximately $2,075,111.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.04% of the company’s stock.

Hedge Funds Weigh In On Kyndryl

Several institutional investors and hedge funds have recently made changes to their positions in KD. Acadian Asset Management LLC bought a new position in shares of Kyndryl during the 1st quarter valued at about $26,000. ORG Partners LLC increased its stake in Kyndryl by 622.4% during the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company’s stock worth $31,000 after purchasing an additional 1,220 shares in the last quarter. Fortis Group Advisors LLC raised its holdings in Kyndryl by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 1,600 shares of the company’s stock worth $33,000 after buying an additional 800 shares during the period. Atlas Capital Advisors LLC bought a new position in Kyndryl in the first quarter valued at approximately $33,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Kyndryl by 60.2% in the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after buying an additional 554 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Trading Down 1.4 %

Shares of KD opened at $23.22 on Friday. The stock’s fifty day simple moving average is $25.38 and its 200-day simple moving average is $23.69. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.77. The firm has a market capitalization of $5.35 billion, a PE ratio of -15.58, a price-to-earnings-growth ratio of 4.71 and a beta of 1.67. Kyndryl has a 12-month low of $13.87 and a 12-month high of $28.60.

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.