Kyndryl Holdings, Inc. (NYSE:KD) Stake Boosted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 2.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,839 shares of the company’s stock after buying an additional 2,347 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Kyndryl were worth $2,110,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in Kyndryl during the 3rd quarter worth approximately $29,000. Headlands Technologies LLC grew 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 buying an additional 554 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Kyndryl in the 2nd quarter valued at about $39,000. UMB Bank n.a. lifted 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 worth $35,000 after purchasing an additional 462 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Kyndryl by 33.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock worth $44,000 after purchasing an additional 422 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Oppenheimer increased their target price on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Bank of America assumed coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective for the company. Finally, Susquehanna upped their target price on Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research report on Friday, November 22nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $33.00.

Kyndryl Trading Down 0.8 %

Kyndryl stock opened at $35.39 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 company has a market capitalization of $8.22 billion, a price-to-earnings ratio of -90.74, a PEG ratio of 8.62 and a beta of 1.86. The company’s fifty day moving average price is $28.71 and its two-hundred day moving average price is $26.09. Kyndryl Holdings, Inc. has a one year low of $18.81 and a one year high of $36.43.

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.