Natixis Advisors LLC Sells 754 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Natixis Advisors LLC lessened its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,356 shares of the company’s stock after selling 754 shares during the quarter. Natixis Advisors LLC’s holdings in Kyndryl were worth $1,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tidal Investments LLC grew its stake in shares of Kyndryl by 240.7% in the first quarter. Tidal Investments LLC now owns 55,778 shares of the company’s stock worth $1,214,000 after purchasing an additional 39,408 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Kyndryl in the 2nd quarter valued at about $1,418,000. Acadian Asset Management LLC acquired a new stake in shares of Kyndryl in the first quarter valued at about $26,000. International Assets Investment Management LLC raised its position in shares of Kyndryl by 2,035.3% during the third quarter. International Assets Investment Management LLC now owns 40,100 shares of the company’s stock worth $921,000 after acquiring an additional 38,222 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Kyndryl by 47.2% in the second quarter. Mackenzie Financial Corp now owns 810,488 shares of the company’s stock worth $21,324,000 after acquiring an additional 259,824 shares during the period. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Up 1.2 %

Shares of NYSE KD opened at $34.32 on Wednesday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $7.97 billion, a PE ratio of -86.97, a P/E/G ratio of 7.96 and a beta of 1.63. Kyndryl Holdings, Inc. has a one year low of $17.64 and a one year high of $34.37. The business’s fifty day moving average price is $25.20 and its 200-day moving average price is $25.30.

Analyst Upgrades and Downgrades

KD has been the subject of several analyst reports. Susquehanna raised their price target on shares of Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Friday, November 22nd. 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, November 22nd. Finally, Bank of America started coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 price target on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Kyndryl presently has an average rating of “Buy” and an average price target of $33.00.

About Kyndryl

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.