Charles Schwab Investment Management Inc. Grows Position in Kyndryl Holdings, Inc. (NYSE:KD)

Charles Schwab Investment Management Inc. boosted its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,968,175 shares of the company's stock after purchasing an additional 76,670 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.85% of Kyndryl worth $45,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Renaissance Technologies LLC boosted its position in shares of Kyndryl by 32.3% during the second quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company's stock valued at $72,768,000 after buying an additional 675,800 shares during the last quarter. Royce & Associates LP grew its stake in shares of Kyndryl by 9.6% in the 3rd quarter. Royce & Associates LP now owns 2,643,328 shares of the company's stock worth $60,744,000 after acquiring an additional 232,583 shares in the last quarter. Cortland Associates Inc. MO raised its holdings in shares of Kyndryl by 35.7% in the third quarter. Cortland Associates Inc. MO now owns 2,150,614 shares of the company's stock valued at $49,421,000 after purchasing an additional 565,263 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Kyndryl by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 2,102,657 shares of the company's stock valued at $55,321,000 after purchasing an additional 158,160 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in Kyndryl by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 1,880,000 shares of the company's stock worth $49,463,000 after purchasing an additional 288,000 shares during the last quarter. Institutional investors own 71.53% of the company's stock.

Kyndryl Price Performance

KD traded down $0.65 on Monday, reaching $34.06. The company had a trading volume of 2,909,267 shares, compared to its average volume of 1,758,683. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. Kyndryl Holdings, Inc. has a 52-week low of $18.05 and a 52-week high of $35.23. The company has a market cap of $7.91 billion, a price-to-earnings ratio of -87.33, a P/E/G ratio of 8.36 and a beta of 1.63. The business has a 50 day simple moving average of $26.30 and a 200 day simple moving average of $25.55.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports 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 target price for the company. Susquehanna lifted their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the stock a "positive" rating in a research report on Friday, November 22nd. Finally, Oppenheimer increased their target price on shares of Kyndryl from $33.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Kyndryl has an average rating of "Buy" and a consensus target price of $33.00.

Kyndryl 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.