Charles Schwab Investment Management Inc. Raises Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Charles Schwab Investment Management Inc. boosted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 4.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,968,175 shares of the company’s stock after acquiring an additional 76,670 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Kyndryl were worth $45,229,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Tidal Investments LLC boosted its holdings in Kyndryl by 240.7% in the first quarter. Tidal Investments LLC now owns 55,778 shares of the company’s stock valued at $1,214,000 after purchasing an additional 39,408 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Kyndryl during the second quarter valued at $1,418,000. International Assets Investment Management LLC increased its holdings in Kyndryl by 2,035.3% in the third quarter. International Assets Investment Management LLC now owns 40,100 shares of the company’s stock valued at $921,000 after buying an additional 38,222 shares in the last quarter. Hilton Capital Management LLC raised its position in shares of Kyndryl by 19.5% in the third quarter. Hilton Capital Management LLC now owns 127,562 shares of the company’s stock worth $2,931,000 after acquiring an additional 20,806 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Kyndryl by 166.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 839,178 shares of the company’s stock worth $19,284,000 after acquiring an additional 524,168 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Price Performance

Shares of Kyndryl stock opened at $34.71 on Monday. The stock has a market capitalization of $8.06 billion, a P/E ratio of -89.00, a PEG ratio of 8.36 and a beta of 1.63. The business has a 50 day simple moving average of $26.09 and a two-hundred day simple moving average of $25.50. Kyndryl Holdings, Inc. has a 12 month low of $17.78 and a 12 month high of $35.23. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KD. Susquehanna upped their price target 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 target price on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Bank of America assumed coverage on Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kyndryl presently has an average rating of “Buy” and an average price target of $33.00.

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.