Blue Trust Inc. grew its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD – Free Report) by 244.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,935 shares of the company’s stock after buying an additional 10,601 shares during the period. Blue Trust Inc.’s holdings in Kyndryl were worth $517,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in Kyndryl by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock valued at $1,037,000 after acquiring an additional 312 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Kyndryl by 27.1% in the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock valued at $66,000 after purchasing an additional 408 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $44,000 after purchasing an additional 422 shares in the last quarter. Trust Co. of Vermont grew its stake in Kyndryl by 15.2% in the third quarter. Trust Co. of Vermont now owns 3,513 shares of the company’s stock worth $81,000 after purchasing an additional 464 shares during the period. Finally, Silverberg Bernstein Capital Management LLC raised its holdings in Kyndryl by 1.4% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 36,020 shares of the company’s stock worth $828,000 after purchasing an additional 480 shares in the last quarter. Institutional investors own 71.53% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on KD. Bank of America started coverage on shares of Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price on the stock. Susquehanna boosted their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research note on Friday, November 22nd. Finally, Oppenheimer upped their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd.
Kyndryl Trading Down 1.8 %
NYSE KD opened at $37.67 on Friday. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $39.54. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The stock’s fifty day moving average price is $36.11 and its 200-day moving average price is $28.57. The stock has a market cap of $8.75 billion, a P/E ratio of -96.59, a P/E/G ratio of 10.59 and a beta of 1.85.
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.
See Also
- Five stocks we like better than Kyndryl
- What is the Shanghai Stock Exchange Composite Index?
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- CD Calculator: Certificate of Deposit Calculator
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
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:KD – Free Report).
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.