Kyndryl (NYSE:KD) Price Target Raised to $37.00

Kyndryl (NYSE:KD) had its price objective lifted by Oppenheimer from $33.00 to $37.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

Separately, Bank of America initiated coverage on shares of Kyndryl in a research note on Friday. They issued a “buy” rating and a $40.00 price objective for the company. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $33.00.

Kyndryl Stock Up 1.7 %

NYSE KD opened at $33.05 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. The stock’s 50-day moving average price is $24.99 and its 200-day moving average price is $25.25. The company has a market capitalization of $7.68 billion, a P/E ratio of -84.74, a price-to-earnings-growth ratio of 7.83 and a beta of 1.63. Kyndryl has a 52 week low of $17.64 and a 52 week high of $33.62.

Hedge Funds Weigh In On Kyndryl

A number of large investors have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new stake in shares of Kyndryl in the first quarter worth about $26,000. ORG Wealth Partners LLC purchased a new stake in shares of Kyndryl during the 3rd quarter valued at approximately $29,000. UMB Bank n.a. lifted its holdings in shares of Kyndryl by 44.2% in the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after acquiring an additional 462 shares during the last quarter. Headlands Technologies LLC lifted its stake in Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after acquiring an additional 554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Kyndryl in the 2nd quarter valued at approximately $39,000. 71.53% of the stock is owned by institutional investors and hedge funds.

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.