Kyndryl Holdings, Inc. (NYSE:KD - Get Free Report)'s share price hit a new 52-week high on Friday . The company traded as high as $37.34 and last traded at $36.61, with a volume of 580262 shares changing hands. The stock had previously closed at $35.52.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Susquehanna upped their target price on Kyndryl from $33.00 to $40.00 and gave the company a "positive" rating in a research note on Friday, November 22nd. Bank of America started coverage on shares of Kyndryl in a research note on Friday, November 22nd. They issued a "buy" rating and a $40.00 price objective for the company. Finally, Oppenheimer lifted 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Kyndryl has a consensus rating of "Buy" and an average price target of $34.60.
Check Out Our Latest Analysis on KD
Kyndryl Stock Up 4.8 %
The firm has a 50 day moving average price of $31.62 and a 200-day moving average price of $26.96. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of -95.48, a price-to-earnings-growth ratio of 8.51 and a beta of 1.86. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03.
Hedge Funds Weigh In On Kyndryl
Large investors have recently bought and sold shares of the business. Everence Capital Management Inc. bought a new position in Kyndryl during the 4th quarter worth approximately $213,000. GAMMA Investing LLC raised its holdings in Kyndryl by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,999 shares of the company's stock worth $104,000 after purchasing an additional 580 shares during the period. Franklin Resources Inc. boosted its position in shares of Kyndryl by 15.1% during the third quarter. Franklin Resources Inc. now owns 90,068 shares of the company's stock worth $2,237,000 after purchasing an additional 11,786 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Kyndryl by 11.5% in the 3rd quarter. Synovus Financial Corp now owns 25,074 shares of the company's stock valued at $576,000 after buying an additional 2,581 shares during the period. Finally, Tidal Investments LLC raised its stake in Kyndryl by 45.9% during the 3rd quarter. Tidal Investments LLC now owns 102,270 shares of the company's stock worth $2,350,000 after buying an additional 32,173 shares during the period. 71.53% of the stock is currently owned by institutional investors and hedge funds.
Kyndryl Company Profile
(
Get Free Report)
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.
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