Kyndryl (NYSE:KD) Price Target Raised to $40.00

Kyndryl (NYSE:KD) had its target price lifted by Susquehanna from $33.00 to $40.00 in a research note published on Friday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Other research analysts also recently issued reports about the company. Bank of America began coverage on Kyndryl in a report on Friday. They set a “buy” rating and a $40.00 price objective on the stock. Oppenheimer lifted their target price on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $33.00.

Kyndryl Stock Up 1.7 %

Shares of KD opened at $33.05 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. The company has a market cap of $7.68 billion, a PE ratio of -84.74, a P/E/G ratio of 7.83 and a beta of 1.63. Kyndryl has a 52-week low of $17.64 and a 52-week high of $33.62. The business has a fifty day moving average of $24.99 and a 200 day moving average of $25.25.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of Kyndryl in the 1st quarter valued at about $26,000. ORG Wealth Partners LLC acquired a new stake in Kyndryl in the third quarter valued at approximately $29,000. UMB Bank n.a. increased its position in shares of Kyndryl by 44.2% in the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after buying an additional 462 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after buying an additional 554 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Kyndryl during the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

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.