Kyndryl (NYSE:KD) Price Target Raised to $40.00 at Susquehanna

Kyndryl (NYSE:KD) had its target price raised by Susquehanna from $33.00 to $40.00 in a research report sent to investors on Friday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Other equities research analysts have also issued research reports about the company. Bank of America assumed coverage on Kyndryl in a research report on Friday. They set a “buy” rating and a $40.00 price target on the stock. Oppenheimer upped their price objective on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $33.00.

Kyndryl Price Performance

Shares of KD opened at $33.92 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl has a 1 year low of $17.64 and a 1 year high of $34.33. The stock has a market cap of $7.88 billion, a P/E ratio of -86.28, a price-to-earnings-growth ratio of 7.96 and a beta of 1.63. The stock’s 50-day moving average price is $24.99 and its two-hundred day moving average price is $25.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in Kyndryl in the 1st quarter valued at $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Kyndryl during the 3rd quarter worth $29,000. Headlands Technologies LLC grew its holdings in shares of 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 purchasing an additional 554 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Kyndryl during the 2nd quarter worth $39,000. Finally, UMB Bank n.a. grew its holdings 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 worth $35,000 after purchasing an additional 462 shares in the last quarter. 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.