Captrust Financial Advisors Boosts Position in Kyndryl Holdings, Inc. (NYSE:KD)

Captrust Financial Advisors grew its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,123 shares of the company’s stock after buying an additional 1,092 shares during the period. Captrust Financial Advisors’ holdings in Kyndryl were worth $325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KD. ORG Wealth Partners LLC acquired a new stake in Kyndryl in the third quarter valued at about $29,000. UMB Bank n.a. raised its stake in Kyndryl by 44.2% during the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after buying an additional 462 shares in the last quarter. Headlands Technologies LLC grew its position in Kyndryl by 60.2% in the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after buying an additional 554 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Kyndryl during the second quarter valued at $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 purchasing an additional 422 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KD has been the topic of a number of research analyst reports. Oppenheimer raised their target price on shares of Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Susquehanna increased their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, November 22nd. Finally, Bank of America started 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. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $33.00.

Kyndryl Stock Performance

NYSE KD opened at $35.31 on Friday. The company has a fifty day moving average price of $28.46 and a 200-day moving average price of $26.03. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl Holdings, Inc. has a 1 year low of $18.05 and a 1 year high of $36.43. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of -90.54, a PEG ratio of 8.62 and a beta of 1.86.

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.