Diversify Advisory Services LLC purchased a new position in Kyndryl Holdings, Inc. (NYSE:KD – Free Report) during the 4th quarter, Holdings Channel reports. The fund purchased 144,490 shares of the company’s stock, valued at approximately $5,309,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Kyndryl by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock worth $1,037,000 after acquiring an additional 312 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Kyndryl by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock worth $44,000 after buying an additional 422 shares during the period. UMB Bank n.a. grew its position in shares of Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after buying an additional 462 shares in the last quarter. Trust Co. of Vermont grew its holdings in Kyndryl by 15.2% during the 3rd quarter. Trust Co. of Vermont now owns 3,513 shares of the company’s stock worth $81,000 after acquiring an additional 464 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC increased its position in Kyndryl by 1.4% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 36,020 shares of the company’s stock valued at $828,000 after purchasing an additional 480 shares during the period. Institutional investors own 71.53% of the company’s stock.
Wall Street Analyst Weigh In
KD has been the topic of several recent research reports. Bank of America started coverage on Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price on the stock. Susquehanna lifted their target price on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research note on Friday, November 22nd. Finally, Oppenheimer increased their price target on shares of Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd.
Kyndryl Stock Down 0.1 %
Shares of KD stock opened at $38.29 on Monday. The stock’s fifty day moving average price is $34.33 and its 200 day moving average price is $27.81. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $39.47. The company has a market cap of $8.89 billion, a price-to-earnings ratio of -98.16, a price-to-earnings-growth ratio of 9.30 and a beta of 1.85.
Kyndryl 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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