Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,035,218 shares of the company's stock after selling 71,452 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.88% of Kyndryl worth $46,769,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westfield Capital Management Co. LP boosted its position in Kyndryl by 62.6% during the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company's stock valued at $74,894,000 after purchasing an additional 1,254,208 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kyndryl by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company's stock worth $45,229,000 after purchasing an additional 76,670 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Kyndryl in the second quarter worth about $1,418,000. International Assets Investment Management LLC raised its stake in shares of Kyndryl by 2,035.3% in the third quarter. International Assets Investment Management LLC now owns 40,100 shares of the company's stock worth $921,000 after purchasing an additional 38,222 shares during the last quarter. Finally, Bridgewater Associates LP raised its stake in shares of Kyndryl by 37.7% in the third quarter. Bridgewater Associates LP now owns 169,066 shares of the company's stock worth $3,885,000 after purchasing an additional 46,326 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Price Performance

Kyndryl stock traded up $0.05 during mid-day trading on Wednesday, hitting $34.83. 734,292 shares of the company were exchanged, compared to its average volume of 1,756,027. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The business's 50 day simple moving average is $26.53 and its two-hundred day simple moving average is $25.60. The company has a market capitalization of $8.09 billion, a P/E ratio of -89.18, a PEG ratio of 8.21 and a beta of 1.86. Kyndryl Holdings, Inc. has a 12-month low of $18.05 and a 12-month high of $35.23.

Analyst Ratings Changes

KD has been the topic of a number of analyst reports. Susquehanna lifted their price objective on Kyndryl from $33.00 to $40.00 and gave the stock a "positive" rating in a research report on Friday, November 22nd. 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 on the stock. Finally, Oppenheimer increased their target price on Kyndryl from $33.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $33.00.

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.