In yesterday’s Wall Street session, Kyndryl Holdings Inc. (NYSE:KD) shares traded at $14.84, up 0.54% from the previous session.
4 analysts cover Kyndryl Holdings Inc. (NYSE:KD), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $15.00, we find $15.00. Given the previous closing price of $14.76, this indicates a potential upside of 1.63 percent. KD stock price is now 14.24% away from the 50-day moving average and 14.96% away from the 200-day moving average. The market capitalization of the company currently stands at $3.25B.
The stock has received a hold rating from 3 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $16.75 as their price target over the next twelve months.
With the price target of $22, Scotiabank recently initiated with Sector Outperform rating for Kyndryl Holdings Inc. (NYSE: KD).
In other news, Keinan Elly, Group President bought 23,800 shares of the company’s stock on Nov 09. The stock was bought for $218,812 at an average price of $9.19. Upon completion of the transaction, the Group President now directly owns 651,309 shares in the company, valued at $9.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, Chief Executive Officer Schroeter Martin J bought 109,000 shares of the business’s stock. A total of $1,055,153 was incurred on buying the stock at an average price of $9.68. This leaves the insider owning 1,191,833 shares of the company worth $17.69 million. Insiders disposed of 249,010 shares of company stock worth roughly $3.7 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KD stock. A new stake in Kyndryl Holdings Inc. shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $24,781,000. J. GOLDMAN & CO LP invested $4,900,000 in shares of KD during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Kyndryl Holdings Inc. valued at approximately $2,346,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in KD for approximately $2,195,000. MARTINGALE ASSET MANAGEMENT L P purchased a new stake in KD valued at around $1,236,000 in the second quarter. In total, there are 766 active investors with 65.80% ownership of the company’s stock.
On Wednesday morning Kyndryl Holdings Inc. (NYSE: KD) stock kicked off with the opening price of $14.73. During the past 12 months, Kyndryl Holdings Inc. has had a low of $7.93 and a high of $17.21. As of last week, the company has a debt-to-equity ratio of 2.36, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for KD is $13.04 and a two-hundred day moving average price translates $12.94 for the stock.
The latest earnings results from Kyndryl Holdings Inc. (NYSE: KD) was released for Jun, 2023. According to the Information Technology Services Company, earnings per share came in at $0, beating analysts’ expectations of -$0.91 by 0.91. This compares to -$1.11 EPS in the same period last year. The net profit margin was -8.10% and return on equity was -78.90% for KD. The company reported revenue of $4.19 billion for the quarter, compared to $4.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.22 percent. For the current quarter, analysts expect KD to generate $4.04B in revenue.
Kyndryl Holdings Inc.(KD) 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. It serves financial, communications, retail and travel, and automotive industries. The company was incorporated in 2020 and is headquartered in New York, New York.
