Swiss National Bank lowered its stake in Kyndryl Holdings, Inc. (NYSE:KD – Free Report) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 450,000 shares of the company’s stock after selling 3,100 shares during the quarter. Swiss National Bank’s holdings in Kyndryl were worth $10,341,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of KD. Acadian Asset Management LLC acquired a new stake in Kyndryl in the first quarter worth $26,000. ORG Wealth Partners LLC bought a new stake in Kyndryl in the 3rd quarter valued at about $29,000. UMB Bank n.a. raised its stake in 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 during the period. Headlands Technologies LLC increased its holdings in shares of Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after acquiring an additional 554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Kyndryl during the second quarter worth approximately $39,000. Institutional investors and hedge funds own 71.53% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on KD. Susquehanna lifted their price target on shares of Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday. Oppenheimer upped their target price on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Bank of America initiated coverage on Kyndryl in a research note on Friday. They set a “buy” rating and a $40.00 price target for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Kyndryl has an average rating of “Buy” and a consensus target price of $33.00.
Kyndryl Stock Up 1.7 %
Kyndryl stock opened at $33.05 on Monday. Kyndryl Holdings, Inc. has a fifty-two week low of $17.64 and a fifty-two week high of $33.62. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50-day simple moving average is $24.99 and its 200 day simple moving average is $25.25. The stock has a market cap of $7.68 billion, a PE ratio of -84.74, a price-to-earnings-growth ratio of 7.83 and a beta of 1.63.
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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