Kyndryl (NYSE:KD) Reaches New 1-Year High – What’s Next?

Kyndryl Holdings, Inc. (NYSE:KD)’s stock price reached a new 52-week high on Friday . The stock traded as high as $37.34 and last traded at $36.61, with a volume of 580262 shares trading hands. The stock had previously closed at $35.52.

Analyst Upgrades and Downgrades

KD has been the topic of several research analyst reports. Susquehanna increased their target price 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. Oppenheimer increased their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Bank of America started coverage on Kyndryl in a research report on Friday, November 22nd. They issued a “buy” rating and a $40.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Kyndryl currently has a consensus rating of “Buy” and an average price target of $34.60.

Kyndryl Trading Up 4.8 %

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. The company has a market capitalization of $8.65 billion, a P/E ratio of -95.48, a P/E/G ratio of 8.51 and a beta of 1.86. The firm’s 50-day moving average price is $31.62 and its 200 day moving average price is $26.96.

Institutional Trading of Kyndryl

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

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.