Sky Investment Group LLC Raises Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Sky Investment Group LLC grew its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 11.7% in the 4th quarter, HoldingsChannel reports. The firm owned 88,335 shares of the company’s stock after purchasing an additional 9,240 shares during the quarter. Sky Investment Group LLC’s holdings in Kyndryl were worth $3,056,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in Kyndryl by 35.1% during the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock worth $138,728,000 after buying an additional 1,569,260 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kyndryl by 1.7% in the third quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock valued at $88,908,000 after acquiring an additional 63,997 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in Kyndryl by 62.6% in the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after purchasing an additional 1,254,208 shares during the period. Zimmer Partners LP grew its stake in Kyndryl by 1.9% during the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock worth $62,595,000 after purchasing an additional 49,738 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in Kyndryl by 9.6% during the 3rd quarter. Royce & Associates LP now owns 2,643,328 shares of the company’s stock worth $60,744,000 after purchasing an additional 232,583 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Trading Down 0.1 %

KD opened at $38.29 on Tuesday. The business’s 50-day simple moving average is $34.53 and its 200-day simple moving average is $27.89. The company has a market cap of $8.89 billion, a P/E ratio of -98.16, a PEG ratio of 9.30 and a beta of 1.85. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year high of $39.47. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03.

Analyst Ratings Changes

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