83,095 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 83,095 shares of the company's stock, valued at approximately $1,910,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new position in Kyndryl during the third quarter worth $29,000. UMB Bank n.a. grew its holdings in shares of Kyndryl by 44.2% in the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company's stock worth $35,000 after purchasing an additional 462 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Kyndryl by 60.2% during the 2nd 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. bought a new position in Kyndryl during the 2nd quarter valued at about $39,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Kyndryl by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company's stock valued at $44,000 after buying an additional 422 shares in the last quarter. Institutional investors own 71.53% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on KD shares. Susquehanna raised their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the stock a "positive" rating in a report on Friday, November 22nd. Bank of America began coverage on Kyndryl in a report on Friday, November 22nd. They set a "buy" rating and a $40.00 price target for the company. Finally, Oppenheimer boosted their price objective on Kyndryl from $33.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $33.00.

Kyndryl Trading Down 0.3 %

Kyndryl stock traded down $0.11 during trading hours on Friday, reaching $34.71. 905,291 shares of the company's stock traded hands, compared to its average volume of 1,753,703. Kyndryl Holdings, Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $35.23. The firm's 50 day moving average is $25.88 and its 200-day moving average is $25.48. 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 firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of -89.28, a PEG ratio of 8.39 and a beta of 1.63.

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.