Kyndryl Holdings, Inc. (NYSE:KD – Get Free Report) 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.
Check Out Our Latest Research Report on Kyndryl
Insider Transactions at Kyndryl
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.
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