National Bank of Canada FI Purchases 165,481 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

National Bank of Canada FI raised its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 33.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 656,901 shares of the company's stock after acquiring an additional 165,481 shares during the quarter. National Bank of Canada FI owned approximately 0.28% of Kyndryl worth $15,096,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westfield Capital Management Co. LP increased its stake in shares of Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company's stock worth $74,894,000 after acquiring an additional 1,254,208 shares in the last quarter. FMR LLC lifted its holdings in shares of Kyndryl by 35.1% during the third quarter. FMR LLC now owns 6,036,908 shares of the company's stock valued at $138,728,000 after purchasing an additional 1,569,260 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Kyndryl by 4.1% in the 3rd 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 in the last quarter. Cerity Partners LLC grew its stake in shares of Kyndryl by 151.3% in the 3rd quarter. Cerity Partners LLC now owns 32,187 shares of the company's stock worth $740,000 after buying an additional 19,377 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Kyndryl in the 2nd quarter worth approximately $1,418,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Wall Street Analyst Weigh In

KD has been the topic of several analyst reports. Bank of America started coverage on Kyndryl in a report on Friday, November 22nd. They issued a "buy" rating and a $40.00 target price on the stock. Oppenheimer increased their price objective 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. Finally, Susquehanna raised their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the company a "positive" rating in a research note on Friday, November 22nd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $33.00.

Kyndryl Stock Performance

NYSE KD traded up $0.69 during trading hours on Wednesday, hitting $35.81. The company's stock had a trading volume of 2,476,365 shares, compared to its average volume of 1,760,288. 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 company has a market cap of $8.32 billion, a P/E ratio of -90.03, a price-to-earnings-growth ratio of 8.32 and a beta of 1.85. The company's 50 day simple moving average is $27.72 and its two-hundred day simple moving average is $25.85. Kyndryl Holdings, Inc. has a 12 month low of $18.05 and a 12 month high of $35.97.

About Kyndryl

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.