XTX Topco Ltd Reduces Position in Kyndryl Holdings, Inc. (NYSE:KD)

XTX Topco Ltd lowered its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 47.6% in the third quarter, HoldingsChannel reports. The firm owned 14,152 shares of the company’s stock after selling 12,877 shares during the period. XTX Topco Ltd’s holdings in Kyndryl were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new position in Kyndryl in the third quarter worth $29,000. Headlands Technologies LLC lifted its position in shares of Kyndryl by 60.2% in the 2nd 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. acquired a new position in shares of Kyndryl in the 2nd quarter valued at about $39,000. UMB Bank n.a. grew its position in shares of Kyndryl by 44.2% during the 3rd 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 during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Kyndryl by 33.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock worth $44,000 after acquiring an additional 422 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

KD has been the subject of a number of research reports. Susquehanna lifted their target price on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research note on Friday, November 22nd. Bank of America started coverage on Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective for the company. Finally, Oppenheimer increased their target price on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kyndryl has a consensus rating of “Buy” and a consensus price target of $33.00.

Kyndryl Stock Performance

Shares of NYSE KD opened at $35.68 on Tuesday. Kyndryl Holdings, Inc. has a 12-month low of $18.81 and a 12-month high of $36.43. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The company has a market cap of $8.29 billion, a PE ratio of -91.49, a P/E/G ratio of 8.62 and a beta of 1.86. The stock has a 50 day simple moving average of $28.71 and a 200-day simple moving average of $26.09.

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.