Kyndryl (NYSE:KD) Given New $43.00 Price Target at Oppenheimer

Kyndryl (NYSE:KD) had its price objective raised by equities research analysts at Oppenheimer from $37.00 to $43.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 9.72% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Bank of America initiated coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price for the company. Susquehanna lifted their price target on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, November 22nd.

Kyndryl Stock Performance

Shares of Kyndryl stock traded up $1.23 on Tuesday, reaching $39.19. 1,944,473 shares of the stock were exchanged, compared to its average volume of 2,459,283. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl has a twelve month low of $19.24 and a twelve month high of $39.54. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of -100.60, a PEG ratio of 11.00 and a beta of 1.86. The business has a 50 day moving average price of $36.28 and a two-hundred day moving average price of $28.74.

Institutional Trading of Kyndryl

A number of institutional investors and hedge funds have recently made changes to their positions in KD. ORG Wealth Partners LLC purchased a new stake in shares of Kyndryl in the third quarter valued at approximately $29,000. UMB Bank n.a. increased its position in shares of Kyndryl by 44.2% during the third 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. Northwestern Mutual Wealth Management Co. increased its position in shares of Kyndryl by 33.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock worth $44,000 after purchasing an additional 422 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Kyndryl by 27.5% during the fourth quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock worth $80,000 after purchasing an additional 496 shares in the last quarter. Finally, Trust Co. of Vermont increased its position in shares of Kyndryl by 15.2% during the third quarter. Trust Co. of Vermont now owns 3,513 shares of the company’s stock worth $81,000 after purchasing an additional 464 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

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.