Kyndryl Holdings, Inc. (NYSE:KD) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,867,873 shares of the company’s stock after buying an additional 63,997 shares during the period. Geode Capital Management LLC owned 1.67% of Kyndryl worth $88,908,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KD. Westfield Capital Management Co. LP increased its holdings in shares of Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after acquiring an additional 1,254,208 shares during the period. National Bank of Canada FI increased its stake in Kyndryl by 33.7% in the third quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock valued at $15,096,000 after purchasing an additional 165,481 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Kyndryl by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock valued at $45,229,000 after buying an additional 76,670 shares during the last quarter. FMR LLC boosted its stake in shares of Kyndryl by 35.1% during the third quarter. FMR LLC now owns 6,036,908 shares of the company’s stock worth $138,728,000 after buying an additional 1,569,260 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of Kyndryl by 151.3% during the third quarter. Cerity Partners LLC now owns 32,187 shares of the company’s stock worth $740,000 after buying an additional 19,377 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Up 0.2 %

KD opened at $34.18 on Friday. The business has a 50 day simple moving average of $29.32 and a 200-day simple moving average of $26.26. Kyndryl Holdings, Inc. has a 12 month low of $19.19 and a 12 month high of $36.43. The stock has a market capitalization of $7.94 billion, a P/E ratio of -87.64, a P/E/G ratio of 8.62 and a beta of 1.86. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03.

Analyst Ratings Changes

Several analysts have commented on KD shares. Bank of America assumed 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. Oppenheimer upped their price target on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Susquehanna lifted their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, November 22nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $34.60.

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.