Diversify Advisory Services LLC Buys New Shares in Kyndryl Holdings, Inc. (NYSE:KD)

Diversify Advisory Services LLC bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 144,490 shares of the company's stock, valued at approximately $5,309,000. Diversify Advisory Services LLC owned about 0.06% of Kyndryl at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. FMR LLC increased its position in Kyndryl by 35.1% during the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company's stock worth $138,728,000 after purchasing an additional 1,569,260 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Kyndryl by 62.6% during the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company's stock worth $74,894,000 after buying an additional 1,254,208 shares during the last quarter. Cinctive Capital Management LP acquired a new position in shares of Kyndryl during the third quarter worth $20,213,000. Cortland Associates Inc. MO lifted its stake in shares of Kyndryl by 35.7% in the 3rd quarter. Cortland Associates Inc. MO now owns 2,150,614 shares of the company's stock valued at $49,421,000 after acquiring an additional 565,263 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Kyndryl by 166.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 839,178 shares of the company's stock valued at $19,284,000 after acquiring an additional 524,168 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Trading Down 0.1 %

Shares of NYSE KD traded down $0.06 during trading on Monday, reaching $38.29. The company had a trading volume of 1,297,270 shares, compared to its average volume of 1,875,318. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month 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 market cap of $8.89 billion, a P/E ratio of -98.16, a PEG ratio of 9.30 and a beta of 1.85. The company's fifty day moving average price is $34.53 and its 200-day moving average price is $27.89.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Bank of America started coverage on Kyndryl in a research report on Friday, November 22nd. They issued a "buy" rating and a $40.00 target price for the company. Oppenheimer raised their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Finally, Susquehanna boosted their target price on shares of Kyndryl from $33.00 to $40.00 and gave the stock a "positive" 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.