Fmr LLC Purchases 1,569,260 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Fmr LLC lifted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 35.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,036,908 shares of the company’s stock after purchasing an additional 1,569,260 shares during the quarter. Fmr LLC’s holdings in Kyndryl were worth $138,728,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KD. Price T Rowe Associates Inc. MD grew its position in Kyndryl by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 129,703 shares of the company’s stock valued at $2,823,000 after acquiring an additional 6,959 shares during the last quarter. GAMMA Investing LLC raised its position in Kyndryl by 65.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,490 shares of the company’s stock worth $66,000 after purchasing an additional 988 shares during the period. CWM LLC lifted its stake in Kyndryl by 32.2% in the second quarter. CWM LLC now owns 6,329 shares of the company’s stock worth $167,000 after purchasing an additional 1,543 shares during the last quarter. Simplicity Wealth LLC boosted its position in Kyndryl by 3.0% during the second quarter. Simplicity Wealth LLC now owns 15,745 shares of the company’s stock valued at $414,000 after buying an additional 454 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Kyndryl during the second quarter valued at about $1,418,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Price Performance

Shares of KD stock opened at $34.78 on Wednesday. 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 cap of $8.08 billion, a P/E ratio of -89.18, a P/E/G ratio of 8.21 and a beta of 1.86. The business’s 50 day moving average price is $26.53 and its 200-day moving average price is $25.60. Kyndryl Holdings, Inc. has a fifty-two week low of $18.05 and a fifty-two week high of $35.23.

Analyst Ratings Changes

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