9,595 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,595 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in Kyndryl in the 3rd quarter worth about $29,000. Headlands Technologies LLC boosted its position in Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after purchasing an additional 554 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Kyndryl in the second quarter worth about $39,000. UMB Bank n.a. raised its position in shares of Kyndryl by 44.2% in the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after purchasing an additional 462 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Kyndryl by 33.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after buying an additional 422 shares in the last quarter. 71.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on KD. 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 note on Friday, November 22nd. Oppenheimer raised their price target on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, Bank of America assumed coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $33.00.

Kyndryl Trading Down 1.3 %

Kyndryl stock opened at $35.31 on Friday. The stock has a market cap of $8.20 billion, a P/E ratio of -90.54, a PEG ratio of 8.62 and a beta of 1.86. Kyndryl Holdings, Inc. has a fifty-two week low of $18.05 and a fifty-two week high of $36.43. The firm’s fifty day moving average price is $28.46 and its 200-day moving average price is $26.03. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03.

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.