Charles Schwab Investment Management Inc. Acquires 76,670 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,968,175 shares of the company’s stock after acquiring an additional 76,670 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.85% of Kyndryl worth $45,229,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KD. ORG Wealth Partners LLC bought a new stake in Kyndryl during the 3rd quarter valued at $29,000. Headlands Technologies LLC raised its holdings in shares of Kyndryl by 60.2% in the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after acquiring an additional 554 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Kyndryl in the second quarter worth about $39,000. UMB Bank n.a. grew its holdings in Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after acquiring an additional 462 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Kyndryl by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after purchasing an additional 422 shares in the last quarter. Institutional investors own 71.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KD. Susquehanna lifted their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, November 22nd. Bank of America started coverage on Kyndryl in a research note on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective for the company. Finally, Oppenheimer lifted their target price on Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $33.00.

Kyndryl Stock Down 0.3 %

Shares of KD stock opened at $34.71 on Monday. The stock’s fifty day moving average price is $26.09 and its 200 day moving average price is $25.50. 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 1-year low of $17.78 and a 1-year high of $35.23. The company has a market cap of $8.06 billion, a price-to-earnings ratio of -89.00, a price-to-earnings-growth ratio of 8.36 and a beta of 1.63.

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.