Stifel Financial Corp Purchases 51,117 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Stifel Financial Corp lifted its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 126.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,598 shares of the company's stock after acquiring an additional 51,117 shares during the quarter. Stifel Financial Corp's holdings in Kyndryl were worth $2,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KD. HighTower Advisors LLC lifted its position in Kyndryl by 4.5% during the 3rd quarter. HighTower Advisors LLC now owns 29,677 shares of the company's stock worth $666,000 after buying an additional 1,268 shares in the last quarter. Cinctive Capital Management LP acquired a new position in shares of Kyndryl during the third quarter worth approximately $20,213,000. Maverick Capital Ltd. lifted its position in shares of Kyndryl by 29.3% during the third quarter. Maverick Capital Ltd. now owns 81,525 shares of the company's stock worth $1,873,000 after purchasing an additional 18,477 shares in the last quarter. Verition Fund Management LLC grew its stake in shares of Kyndryl by 65.7% during the third quarter. Verition Fund Management LLC now owns 34,255 shares of the company's stock valued at $787,000 after purchasing an additional 13,586 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Kyndryl by 8.4% in the third quarter. Captrust Financial Advisors now owns 14,123 shares of the company's stock valued at $325,000 after purchasing an additional 1,092 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on KD. Susquehanna upped their price objective on Kyndryl from $33.00 to $40.00 and gave the stock a "positive" rating in a report on Friday, November 22nd. Oppenheimer upped their price target on Kyndryl from $33.00 to $37.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Finally, Bank of America began coverage on Kyndryl in a report on Friday, November 22nd. They set a "buy" rating and a $40.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $34.60.

Kyndryl Trading Up 1.0 %

Shares of NYSE:KD traded up $0.33 during midday trading on Friday, hitting $34.51. The company had a trading volume of 4,354,476 shares, compared to its average volume of 1,768,749. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl Holdings, Inc. has a 12 month low of $19.19 and a 12 month high of $36.43. The firm has a fifty day simple moving average of $29.32 and a 200 day simple moving average of $26.26. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of -88.48, a PEG ratio of 8.62 and a beta of 1.86.

Kyndryl Profile

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.