Swiss National Bank Sells 3,100 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Swiss National Bank lowered its stake in Kyndryl Holdings, Inc. (NYSE:KDFree 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.

Get Our Latest Research Report on Kyndryl

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

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding KD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kyndryl Holdings, Inc. (NYSE:KDFree Report).

Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

Receive News & Ratings for Kyndryl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kyndryl and related companies with MarketBeat.com's FREE daily email newsletter.