Kyndryl Holdings, Inc. (NYSE:KD) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 49.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 255,958 shares of the company's stock after acquiring an additional 84,347 shares during the period. Barclays PLC owned 0.11% of Kyndryl worth $5,882,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in Kyndryl in the 3rd quarter valued at $29,000. Headlands Technologies LLC grew its position in shares of Kyndryl by 60.2% in the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company's stock valued at $39,000 after purchasing an additional 554 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Kyndryl in the second quarter valued at $39,000. UMB Bank n.a. lifted its position in Kyndryl by 44.2% during the third 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. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in 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 buying an additional 422 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Trading Up 1.0 %

NYSE:KD traded up $0.33 on Friday, hitting $34.51. 4,354,476 shares of the stock were exchanged, compared to its average volume of 1,768,749. The stock has a market cap of $8.02 billion, a PE ratio of -88.48, a PEG ratio of 8.62 and a beta of 1.86. Kyndryl Holdings, Inc. has a fifty-two week low of $19.19 and a fifty-two week high of $36.43. 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 has a fifty day moving average of $29.52 and a 200-day moving average of $26.32.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Susquehanna lifted their price target on Kyndryl from $33.00 to $40.00 and gave the company a "positive" rating in a report on Friday, November 22nd. Oppenheimer raised 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. Finally, Bank of America assumed coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a "buy" rating and a $40.00 price target for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $34.60.

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.