Kyndryl Holdings, Inc. (NYSE:KD) Stake Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. raised its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,380 shares of the company’s stock after buying an additional 3,081 shares during the quarter. Pacer Advisors Inc.’s holdings in Kyndryl were worth $2,643,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new stake in shares of Kyndryl in the 2nd quarter valued at approximately $1,337,000. Millennium Management LLC raised its stake in Kyndryl by 101.1% during the 2nd quarter. Millennium Management LLC now owns 1,011,420 shares of the company’s stock valued at $26,610,000 after purchasing an additional 508,553 shares during the period. Creative Planning lifted its holdings in shares of Kyndryl by 11.2% in the second quarter. Creative Planning now owns 41,615 shares of the company’s stock valued at $1,095,000 after purchasing an additional 4,192 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Kyndryl by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock worth $44,000 after buying an additional 422 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Kyndryl during the second quarter valued at $39,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Susquehanna increased their price objective on Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research note on Friday, November 22nd. Bank of America started coverage on shares of Kyndryl in a research report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target for the company. Finally, Oppenheimer boosted their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd.

Kyndryl Stock Performance

Shares of NYSE KD opened at $37.92 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year high of $39.54. The business’s 50-day moving average price is $36.20 and its two-hundred day moving average price is $28.65. The company has a market capitalization of $8.81 billion, a P/E ratio of -97.22, a price-to-earnings-growth ratio of 10.44 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.