Kyndryl (NYSE:KD) Price Target Raised to $46.00 at Susquehanna

Kyndryl (NYSE:KD - Get Free Report) had its target price raised by stock analysts at Susquehanna from $40.00 to $46.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's price objective would suggest a potential upside of 10.10% from the stock's previous close.

KD has been the subject of a number of other research reports. Oppenheimer increased their price target on Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research report on Tuesday. Bank of America began coverage on shares of Kyndryl in a research report on Friday, November 22nd. They issued a "buy" rating and a $40.00 price target on the stock.

Kyndryl Stock Performance

Shares of KD traded down $1.18 during trading hours on Wednesday, reaching $41.78. 1,438,564 shares of the company's stock traded hands, compared to its average volume of 2,351,687. The business's fifty day simple moving average is $36.87 and its two-hundred day simple moving average is $29.13. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 75.96, a P/E/G ratio of 12.64 and a beta of 1.86. Kyndryl has a twelve month low of $19.24 and a twelve month high of $43.61. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03.

Insider Transactions at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.81, for a total value of $2,374,456.65. Following the completion of the sale, the senior vice president now owns 43,877 shares in the company, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $42.83, for a total value of $1,177,825.00. Following the completion of the transaction, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

Institutional Trading of Kyndryl

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in shares of Kyndryl by 4.8% in the 4th quarter. HighTower Advisors LLC now owns 31,109 shares of the company's stock valued at $1,076,000 after acquiring an additional 1,432 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Kyndryl by 16.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,680 shares of the company's stock valued at $2,100,000 after purchasing an additional 8,513 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Kyndryl by 147.3% during the 4th quarter. AlphaQuest LLC now owns 1,877 shares of the company's stock worth $65,000 after buying an additional 1,118 shares during the last quarter. Amundi increased its position in shares of Kyndryl by 65.4% during the 4th quarter. Amundi now owns 223,594 shares of the company's stock worth $8,434,000 after purchasing an additional 88,404 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in Kyndryl in the fourth quarter valued at $272,000. 71.53% of the stock is owned by institutional investors.

Kyndryl Company 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.