Oppenheimer Boosts Kyndryl (NYSE:KD) Price Target to $43.00

Kyndryl (NYSE:KD) had its price target lifted by Oppenheimer from $37.00 to $43.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on KD. Bank of America began coverage on Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective for the company. Susquehanna upped their price target on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, November 22nd.

Kyndryl Price Performance

Kyndryl stock opened at $42.91 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The company has a fifty day simple moving average of $36.57 and a 200-day simple moving average of $28.93. The stock has a market cap of $9.97 billion, a P/E ratio of -110.01, a price-to-earnings-growth ratio of 11.00 and a beta of 1.86. Kyndryl has a 12-month low of $19.24 and a 12-month high of $43.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KD. Wealth Enhancement Advisory Services LLC raised its stake in Kyndryl by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock valued at $1,037,000 after acquiring an additional 312 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Kyndryl by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company’s stock worth $2,232,000 after purchasing an additional 400 shares during the period. UMB Bank n.a. grew its position in Kyndryl by 27.1% in the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock valued at $66,000 after buying an additional 408 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Kyndryl by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after buying an additional 422 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Kyndryl by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 47,226 shares of the company’s stock worth $1,634,000 after buying an additional 428 shares during the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

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.