Blue Trust Inc. Boosts Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Blue Trust Inc. grew its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 244.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,935 shares of the company's stock after buying an additional 10,601 shares during the quarter. Blue Trust Inc.'s holdings in Kyndryl were worth $517,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in KD. ORG Wealth Partners LLC bought a new stake in Kyndryl during the third quarter valued at about $29,000. UMB Bank n.a. boosted 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 valued at $35,000 after purchasing an additional 462 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Kyndryl during the second quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. boosted its position in 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. Finally, Fifth Third Bancorp boosted its position in Kyndryl by 27.5% during the fourth quarter. Fifth Third Bancorp now owns 2,299 shares of the company's stock valued at $80,000 after purchasing an additional 496 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KD shares. Bank of America began coverage on Kyndryl in a research report on Friday, November 22nd. They set a "buy" rating and a $40.00 price objective on the stock. Susquehanna upped their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the company a "positive" rating in a report on Friday, November 22nd. Finally, 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.

Kyndryl Stock Performance

NYSE:KD traded down $0.04 during mid-day trading on Monday, hitting $37.92. The company's stock had a trading volume of 4,370,707 shares, compared to its average volume of 2,399,037. The business's fifty day moving average is $36.20 and its two-hundred day moving average is $28.67. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of -97.22, a PEG ratio of 11.00 and a beta of 1.86. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $39.54. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03.

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.