Mediolanum International Funds Ltd Makes New Investment in Kyndryl Holdings, Inc. (NYSE:KD)

Mediolanum International Funds Ltd purchased a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 489,355 shares of the company’s stock, valued at approximately $16,856,000. Mediolanum International Funds Ltd owned 0.21% of Kyndryl as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Westfield Capital Management Co. LP lifted its position in Kyndryl by 62.6% during the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after buying an additional 1,254,208 shares during the period. Tidal Investments LLC lifted its holdings in shares of Kyndryl by 45.9% during the 3rd quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock worth $2,350,000 after acquiring an additional 32,173 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Kyndryl in the fourth quarter worth approximately $255,000. National Bank of Canada FI grew its holdings in Kyndryl by 33.7% in the third quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock valued at $15,096,000 after purchasing an additional 165,481 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Kyndryl by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock worth $45,229,000 after purchasing an additional 76,670 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kyndryl Trading Down 1.8 %

Shares of NYSE KD opened at $37.67 on Friday. 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 Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $39.54. The business has a 50-day moving average of $36.11 and a 200-day moving average of $28.57.

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.