Everence Capital Management Inc. Takes $213,000 Position in Kyndryl Holdings, Inc. (NYSE:KD)

Everence Capital Management Inc. bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 6,150 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of Kyndryl by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock worth $104,000 after purchasing an additional 580 shares during the period. Franklin Resources Inc. lifted its stake in Kyndryl by 15.1% during the third quarter. Franklin Resources Inc. now owns 90,068 shares of the company’s stock valued at $2,237,000 after buying an additional 11,786 shares in the last quarter. Synovus Financial Corp lifted its stake in Kyndryl by 11.5% during the third quarter. Synovus Financial Corp now owns 25,074 shares of the company’s stock valued at $576,000 after buying an additional 2,581 shares in the last quarter. Tidal Investments LLC increased its position in shares of Kyndryl by 45.9% in the third quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock worth $2,350,000 after acquiring an additional 32,173 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Kyndryl during the third quarter valued at approximately $171,000. 71.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KD shares. Susquehanna lifted their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research report on Friday, November 22nd. Bank of America began coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 price target on the stock. Finally, Oppenheimer increased their price objective on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd.

Kyndryl Trading Down 0.2 %

Kyndryl stock opened at $37.78 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $39.47. The company’s fifty day simple moving average is $32.19 and its 200-day simple moving average is $27.16. The stock has a market cap of $8.78 billion, a P/E ratio of -96.87, a P/E/G ratio of 8.51 and a beta of 1.85.

Kyndryl 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.