Mediolanum International Funds Ltd bought a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 489,355 shares of the company's stock, valued at approximately $16,856,000. Mediolanum International Funds Ltd owned 0.21% of Kyndryl as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of KD. Westfield Capital Management Co. LP lifted its stake in Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company's stock valued at $74,894,000 after buying an additional 1,254,208 shares in the last quarter. Tidal Investments LLC lifted its stake in Kyndryl by 45.9% in the 3rd quarter. Tidal Investments LLC now owns 102,270 shares of the company's stock worth $2,350,000 after purchasing an additional 32,173 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in Kyndryl in the 4th quarter worth approximately $255,000. National Bank of Canada FI lifted its stake in Kyndryl by 33.7% in the 3rd quarter. National Bank of Canada FI now owns 656,901 shares of the company's stock worth $15,096,000 after purchasing an additional 165,481 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in 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. 71.53% of the stock is currently owned by institutional investors and hedge funds.
Kyndryl Trading Down 0.1 %
Shares of KD stock traded down $0.04 during trading on Monday, hitting $37.92. 4,370,707 shares of the stock traded hands, compared to its average volume of 2,399,037. The firm has a market capitalization of $8.81 billion, a P/E ratio of -97.22, a price-to-earnings-growth ratio of 11.00 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. The firm's fifty day moving average price is $36.20 and its 200-day moving average price is $28.67. Kyndryl Holdings, Inc. has a 52-week low of $19.24 and a 52-week high of $39.54.
Analysts Set New Price Targets
KD has been the topic of a number of research reports. Susquehanna raised their target price on shares of Kyndryl from $33.00 to $40.00 and gave the stock a "positive" rating in a research note on Friday, November 22nd. Bank of America began coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a "buy" rating and a $40.00 price target on the stock. Finally, Oppenheimer lifted their price target 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.
Read Our Latest Stock Report on KD
Kyndryl Company Profile
(
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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