Maverick Capital Ltd. Purchases 18,477 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Maverick Capital Ltd. increased its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 29.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,525 shares of the company's stock after acquiring an additional 18,477 shares during the period. Maverick Capital Ltd.'s holdings in Kyndryl were worth $1,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC increased its stake in shares of 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 during the last quarter. Westfield Capital Management Co. LP grew its holdings 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 during the period. Renaissance Technologies LLC increased its position in Kyndryl by 32.3% in the second quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company's stock worth $72,768,000 after buying an additional 675,800 shares during the last quarter. Royce & Associates LP raised its stake in shares of Kyndryl by 9.6% in the third quarter. Royce & Associates LP now owns 2,643,328 shares of the company's stock valued at $60,744,000 after buying an additional 232,583 shares during the period. Finally, Cortland Associates Inc. MO raised its stake in 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 period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Price Performance

Shares of KD stock traded down $0.11 during trading on Friday, hitting $34.71. The company had a trading volume of 905,291 shares, compared to its average volume of 2,923,771. The stock's 50-day moving average is $26.09 and its two-hundred day moving average is $25.50. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of -89.00, a price-to-earnings-growth ratio of 8.36 and a beta of 1.63. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl Holdings, Inc. has a 52 week low of $17.78 and a 52 week high of $35.23.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KD. Oppenheimer lifted their price target on Kyndryl from $33.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Susquehanna boosted 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. Finally, 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 target price on the stock. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $33.00.

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.