Kyndryl (NYSE:KD) Given New $43.00 Price Target at Oppenheimer

Kyndryl (NYSE:KD - Free Report) had its price target hoisted by Oppenheimer from $37.00 to $43.00 in a research report released on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. Susquehanna lifted their price objective on Kyndryl from $33.00 to $40.00 and gave the company a "positive" rating in a report on Friday, November 22nd. Bank of America assumed coverage on shares of Kyndryl in a research report on Friday, November 22nd. They issued a "buy" rating and a $40.00 price target on the stock.

Kyndryl Price Performance

NYSE KD traded down $1.18 during trading on Tuesday, reaching $41.78. 1,438,510 shares of the company traded hands, compared to its average volume of 2,626,187. Kyndryl has a 1-year low of $19.24 and a 1-year high of $43.61. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. The stock's 50 day moving average price is $36.73 and its two-hundred day moving average price is $29.03. The company has a market cap of $9.70 billion, a price-to-earnings ratio of -107.12, a P/E/G ratio of 11.00 and a beta of 1.86.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KD. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kyndryl by 16.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,680 shares of the company's stock valued at $2,100,000 after acquiring an additional 8,513 shares during the last quarter. AlphaQuest LLC grew its holdings in Kyndryl by 147.3% during the fourth quarter. AlphaQuest LLC now owns 1,877 shares of the company's stock valued at $65,000 after purchasing an additional 1,118 shares during the period. Amundi increased its stake in Kyndryl by 65.4% in the fourth quarter. Amundi now owns 223,594 shares of the company's stock valued at $8,434,000 after purchasing an additional 88,404 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of Kyndryl during the fourth quarter worth $272,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Kyndryl by 41.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 35,148 shares of the company's stock valued at $1,216,000 after buying an additional 10,283 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

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.