Kyndryl (NYSE:KD - Free Report) had its price target raised by Oppenheimer from $33.00 to $37.00 in a report published on Friday, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.
Separately, Bank of America began coverage on shares of Kyndryl in a research note on Friday. They set a "buy" rating and a $40.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $33.00.
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Kyndryl Stock Performance
NYSE KD traded up $0.56 on Friday, reaching $33.05. 5,066,212 shares of the company's stock traded hands, compared to its average volume of 1,741,428. The stock has a 50 day moving average price of $24.78 and a 200-day moving average price of $25.14. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of -83.28, a P/E/G ratio of 6.76 and a beta of 1.63. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. Kyndryl has a fifty-two week low of $17.64 and a fifty-two week high of $33.62.
Institutional Trading of Kyndryl
Institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in Kyndryl in the 1st quarter worth about $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Kyndryl in the third quarter worth approximately $29,000. Headlands Technologies LLC increased its position in shares of Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company's stock worth $39,000 after purchasing an additional 554 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Kyndryl in the 2nd quarter valued at $39,000. Finally, UMB Bank n.a. lifted its holdings in Kyndryl by 44.2% in the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company's stock valued at $35,000 after purchasing an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.
Kyndryl Company Profile
(
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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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