Kyndryl Awarded Contract by Texas Department of Information Resources
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy KD?
Kyndryl announced it has been awarded a contract by the Texas Department of Information Resources to provide deliverables-based IT services to state and local government agencies and other eligible public sector organizations. Through this contract, Texas public-sector organizations can access and benefit from Kyndryl's decades of experience supporting mission-critical government systems across security and resiliency, cloud, applications, data and AI through the Texas DIR Cooperative Contracts Program which provides a streamlined path to access these capabilities.
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Analyst Views on KD
Wall Street analysts forecast KD stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 12.360
Low
28.00
Averages
33.25
High
40.00
Current: 12.360
Low
28.00
Averages
33.25
High
40.00
About KD
Kyndryl Holdings, Inc. is a provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to customers in more than 60 countries. The Company designs, builds, manages and modernizes complex information systems around the world. Its segments include United States, Japan, Principal Markets and Strategic Markets. It offers services across domains, such as cloud services, core enterprise and zCloud services, applications, data and artificial intelligence (AI) services, digital workplace services, security and resiliency services and network and edge services. Its advisory and implementation services are branded as Kyndryl Consult. It provides end-to-end enterprise data services, including data transformation, data architecture and management, data governance and compliance and data migration. It provides comprehensive enterprise cybersecurity services for chief information security officers (CISOs) and chief risk officers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Reminder of Kyndryl Securities Class Action
- Class Action Notice: Rosen Law Firm reminds investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026, to apply as lead plaintiffs by April 13, 2026, to participate in the filed class action without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that Kyndryl made materially false statements during the class period regarding its financial statements and internal controls, which resulted in the inability to timely file its Quarterly Report for the quarter ending December 31, 2025, causing investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, ranked No. 1 by ISS Securities Class Action Services in 2017, demonstrating its expertise and success in this field.
- Investor Selection Advice: Investors are advised to carefully choose qualified counsel with a proven track record, avoiding firms that merely act as intermediaries, to ensure effective legal support and potential compensation in the class action.
See More
Kyndryl Secures IT Services Contract with Texas
- Contract Award: Kyndryl has been awarded an IT services contract (DIR-CPO-6161) by the Texas Department of Information Resources, enabling the company to expand its footprint in the public sector by providing deliverables-based IT services to state and local agencies.
- Modernization Support: Through this contract, Kyndryl will leverage its extensive experience in security, cloud, applications, and data to assist Texas public sector organizations in modernizing legacy systems and enhancing cybersecurity, thereby improving the reliability of digital services.
- Expert Team Engagement: Kyndryl's advisory teams will assess current environments, identify modernization priorities, and streamline multi-phase transformation efforts, ensuring that technological modernization proceeds without disrupting essential services.
- Ongoing Investment: Kyndryl continues to expand local expertise in Texas to address the growing demands of public sector organizations, supporting the delivery of resilient, modern technology capabilities to meet the digital service needs across health, human services, transportation, and more.
See More
Kyndryl Secures IT Services Contract with Texas
- Contract Award: Kyndryl has been awarded an IT services contract (DIR-CPO-6161) by the Texas Department of Information Resources, enabling the company to expand its footprint in the public sector by providing deliverables-based IT services to state and local agencies.
- Modernization Support: Through this contract, Kyndryl will leverage its extensive experience in security, cloud, applications, and data to assist Texas public sector organizations in modernizing legacy systems, enhancing cybersecurity, and ensuring regulatory compliance.
- Digital Service Enhancement: Kyndryl's advisory teams will help government agencies optimize digital service delivery, including permitting and healthcare IT environments, addressing the growing demand for scalable digital services and thereby improving the reliability of public services.
- Local Investment: Kyndryl continues to invest in Texas by expanding local expertise to support public sector organizations in tackling mission-critical challenges and facilitating the delivery of modern technology capabilities nationwide.
See More
Kyndryl Securities Class Action Reminder
- Class Action Notice: Rosen Law Firm reminds investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026, to apply as lead plaintiffs by April 13, 2026, to potentially receive compensation without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that Kyndryl made materially false statements regarding its financial statements during the Class Period and lacked adequate internal controls, resulting in the inability to timely file its Quarterly Report for the quarter ended December 31, 2025, causing investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and achieved the largest settlement against a Chinese company, ranked No. 1 by ISS Securities Class Action Services in 2017, demonstrating its expertise and success in this field.
- Investor Guidance: Investors are advised to carefully select qualified counsel with a proven track record, avoiding firms that merely act as intermediaries, to ensure they receive the best representation and support in litigation.
See More
Faruqi & Faruqi Encourages Kyndryl Investors to Reach Out
- Legal Investigation Launched: Faruq & Faruq LLP is investigating potential claims against Kyndryl Holdings, Inc., particularly for investors who purchased or acquired securities between August 1, 2024, and February 9, 2026, highlighting the firm's commitment to protecting investor rights.
- Investor Contact Information: Securities Litigation Partner Josh Wilson encourages affected investors to reach out directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their legal rights, indicating the firm's readiness to provide support.
- Class Action Deadline: The firm reminds investors that the deadline to seek the role of lead plaintiff in the federal securities class action against Kyndryl is April 13, 2026, emphasizing the importance of timely action for affected investors.
- Market Impact: This investigation may negatively impact Kyndryl's stock price, particularly as investor confidence wanes regarding the company's future prospects, potentially leading more investors to seek legal recourse.
See More
Kyndryl Faces Class Action Securities Lawsuits
- Class Action Notification: Kahn Swick & Foti informs Kyndryl investors of class action lawsuits due to alleged securities fraud between August 2024 and February 2026, aiming to recover losses for affected investors.
- Financial Reporting Delay: On February 9, 2026, Kyndryl disclosed its inability to timely file its 10-Q report for the quarter ended December 31, 2025, anticipating material weaknesses in internal controls that could impact financial transparency.
- Stock Price Plunge: Following this announcement, Kyndryl's stock price plummeted by 55%, dropping $12.90 to close at $10.59, reflecting severe market concerns regarding the company's financial health.
- Legal Action Deadline: Investors must apply by April 13, 2026, to be appointed as lead plaintiffs in the lawsuits, indicating that losses during this period could significantly affect their future investment decisions.
See More
Reminder of Kyndryl Securities Class Action
- Class Action Notice: Rosen Law Firm reminds investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026, to apply as lead plaintiffs by April 13, 2026, to participate in the filed class action without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that Kyndryl made materially false statements during the class period regarding its financial statements and internal controls, which resulted in the inability to timely file its Quarterly Report for the quarter ending December 31, 2025, causing investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, ranked No. 1 by ISS Securities Class Action Services in 2017, demonstrating its expertise and success in this field.
- Investor Selection Advice: Investors are advised to carefully choose qualified counsel with a proven track record, avoiding firms that merely act as intermediaries, to ensure effective legal support and potential compensation in the class action.
See More
Kyndryl Secures IT Services Contract with Texas
- Contract Award: Kyndryl has been awarded an IT services contract (DIR-CPO-6161) by the Texas Department of Information Resources, enabling the company to expand its footprint in the public sector by providing deliverables-based IT services to state and local agencies.
- Modernization Support: Through this contract, Kyndryl will leverage its extensive experience in security, cloud, applications, and data to assist Texas public sector organizations in modernizing legacy systems and enhancing cybersecurity, thereby improving the reliability of digital services.
- Expert Team Engagement: Kyndryl's advisory teams will assess current environments, identify modernization priorities, and streamline multi-phase transformation efforts, ensuring that technological modernization proceeds without disrupting essential services.
- Ongoing Investment: Kyndryl continues to expand local expertise in Texas to address the growing demands of public sector organizations, supporting the delivery of resilient, modern technology capabilities to meet the digital service needs across health, human services, transportation, and more.
See More
Kyndryl Secures IT Services Contract with Texas
- Contract Award: Kyndryl has been awarded an IT services contract (DIR-CPO-6161) by the Texas Department of Information Resources, enabling the company to expand its footprint in the public sector by providing deliverables-based IT services to state and local agencies.
- Modernization Support: Through this contract, Kyndryl will leverage its extensive experience in security, cloud, applications, and data to assist Texas public sector organizations in modernizing legacy systems, enhancing cybersecurity, and ensuring regulatory compliance.
- Digital Service Enhancement: Kyndryl's advisory teams will help government agencies optimize digital service delivery, including permitting and healthcare IT environments, addressing the growing demand for scalable digital services and thereby improving the reliability of public services.
- Local Investment: Kyndryl continues to invest in Texas by expanding local expertise to support public sector organizations in tackling mission-critical challenges and facilitating the delivery of modern technology capabilities nationwide.
See More
Kyndryl Securities Class Action Reminder
- Class Action Notice: Rosen Law Firm reminds investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026, to apply as lead plaintiffs by April 13, 2026, to potentially receive compensation without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that Kyndryl made materially false statements regarding its financial statements during the Class Period and lacked adequate internal controls, resulting in the inability to timely file its Quarterly Report for the quarter ended December 31, 2025, causing investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and achieved the largest settlement against a Chinese company, ranked No. 1 by ISS Securities Class Action Services in 2017, demonstrating its expertise and success in this field.
- Investor Guidance: Investors are advised to carefully select qualified counsel with a proven track record, avoiding firms that merely act as intermediaries, to ensure they receive the best representation and support in litigation.
See More
Faruqi & Faruqi Encourages Kyndryl Investors to Reach Out
- Legal Investigation Launched: Faruq & Faruq LLP is investigating potential claims against Kyndryl Holdings, Inc., particularly for investors who purchased or acquired securities between August 1, 2024, and February 9, 2026, highlighting the firm's commitment to protecting investor rights.
- Investor Contact Information: Securities Litigation Partner Josh Wilson encourages affected investors to reach out directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their legal rights, indicating the firm's readiness to provide support.
- Class Action Deadline: The firm reminds investors that the deadline to seek the role of lead plaintiff in the federal securities class action against Kyndryl is April 13, 2026, emphasizing the importance of timely action for affected investors.
- Market Impact: This investigation may negatively impact Kyndryl's stock price, particularly as investor confidence wanes regarding the company's future prospects, potentially leading more investors to seek legal recourse.
See More
Kyndryl Faces Class Action Securities Lawsuits
- Class Action Notification: Kahn Swick & Foti informs Kyndryl investors of class action lawsuits due to alleged securities fraud between August 2024 and February 2026, aiming to recover losses for affected investors.
- Financial Reporting Delay: On February 9, 2026, Kyndryl disclosed its inability to timely file its 10-Q report for the quarter ended December 31, 2025, anticipating material weaknesses in internal controls that could impact financial transparency.
- Stock Price Plunge: Following this announcement, Kyndryl's stock price plummeted by 55%, dropping $12.90 to close at $10.59, reflecting severe market concerns regarding the company's financial health.
- Legal Action Deadline: Investors must apply by April 13, 2026, to be appointed as lead plaintiffs in the lawsuits, indicating that losses during this period could significantly affect their future investment decisions.
See More
