Wealth Enhancement Advisory Services LLC Has $1.04 Million Position in Kyndryl Holdings, Inc. (NYSE:KD)

Wealth Enhancement Advisory Services LLC lifted its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,972 shares of the company’s stock after acquiring an additional 312 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Kyndryl were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its stake in shares of 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 purchasing an additional 1,569,260 shares in the last quarter. Westfield Capital Management Co. LP increased 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 worth $74,894,000 after buying an additional 1,254,208 shares during the last quarter. Cinctive Capital Management LP acquired a new stake in Kyndryl in the third quarter valued at approximately $20,213,000. Cortland Associates Inc. MO lifted its stake in Kyndryl by 35.7% in the third quarter. Cortland Associates Inc. MO now owns 2,150,614 shares of the company’s stock valued at $49,421,000 after acquiring an additional 565,263 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Kyndryl by 166.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 839,178 shares of the company’s stock worth $19,284,000 after acquiring an additional 524,168 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Stock Performance

NYSE:KD opened at $38.30 on Thursday. The firm has a market capitalization of $8.90 billion, a PE ratio of -98.20, a PEG ratio of 8.51 and a beta of 1.85. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $39.47. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The firm’s fifty day simple moving average is $33.90 and its 200 day simple moving average is $27.64.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KD. Oppenheimer raised their price target on shares of Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Bank of America started coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price on the stock. Finally, Susquehanna upped their price target on Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research note on Friday, November 22nd.

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.