Harbor Capital Advisors Inc. Invests $2.78 Million in Kyndryl Holdings, Inc. (NYSE:KD)

Harbor Capital Advisors Inc. purchased a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 80,208 shares of the company's stock, valued at approximately $2,775,000.

Several other hedge funds also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in Kyndryl during the third quarter worth approximately $29,000. UMB Bank n.a. lifted its position in shares of Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company's stock valued at $35,000 after acquiring an additional 462 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company's stock worth $39,000 after acquiring an additional 554 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Kyndryl during the 2nd quarter worth $39,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Kyndryl by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company's stock worth $44,000 after acquiring an additional 422 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Down 2.5 %

Shares of Kyndryl stock traded down $0.93 during midday trading on Friday, hitting $36.79. The company's stock had a trading volume of 1,981,254 shares, compared to its average volume of 3,227,402. The firm has a market capitalization of $8.55 billion, a P/E ratio of -94.33, a PEG ratio of 8.51 and a beta of 1.85. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $39.47. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. The stock has a 50-day simple moving average of $33.05 and a 200-day simple moving average of $27.40.

Analyst Upgrades and Downgrades

KD has been the subject of several analyst reports. Susquehanna upped their target price on Kyndryl from $33.00 to $40.00 and gave the company a "positive" rating in a report on Friday, November 22nd. Bank of America started coverage on Kyndryl in a report on Friday, November 22nd. They set a "buy" rating and a $40.00 price objective on the stock. Finally, Oppenheimer raised 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, November 22nd.

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.