Natixis Advisors LLC Sells 754 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Natixis Advisors LLC lowered its position in Kyndryl Holdings, Inc. (NYSE:KD) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,356 shares of the company’s stock after selling 754 shares during the period. Natixis Advisors LLC’s holdings in Kyndryl were worth $1,272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KD. Great Lakes Advisors LLC acquired a new position in shares of Kyndryl during the second quarter worth approximately $19,996,000. Renaissance Technologies LLC lifted its holdings in Kyndryl by 32.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock worth $72,768,000 after buying an additional 675,800 shares in the last quarter. Cortland Associates Inc. MO lifted its holdings in Kyndryl by 35.7% during the 3rd quarter. Cortland Associates Inc. MO now owns 2,150,614 shares of the company’s stock worth $49,421,000 after buying an additional 565,263 shares in the last quarter. Millennium Management LLC boosted its position in Kyndryl by 101.1% in the 2nd quarter. Millennium Management LLC now owns 1,011,420 shares of the company’s stock valued at $26,610,000 after buying an additional 508,553 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Kyndryl by 392.1% in the 2nd quarter. AQR Capital Management LLC now owns 631,299 shares of the company’s stock valued at $16,578,000 after buying an additional 503,020 shares during the period. 71.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KD. Oppenheimer boosted their price objective on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Susquehanna boosted 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, Bank of America began coverage on shares of Kyndryl in a research note on Friday, November 22nd. They issued a “buy” rating and a $40.00 price objective on the stock. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $33.00.

Kyndryl Trading Up 1.2 %

Kyndryl stock opened at $34.32 on Wednesday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day moving average of $25.20 and a 200-day moving average of $25.30. The company has a market cap of $7.97 billion, a price-to-earnings ratio of -86.97, a P/E/G ratio of 7.96 and a beta of 1.63. Kyndryl Holdings, Inc. has a one year low of $17.64 and a one year high of $34.37.

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.