HighTower Advisors LLC Buys 1,268 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

HighTower Advisors LLC grew its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,677 shares of the company’s stock after buying an additional 1,268 shares during the period. HighTower Advisors LLC’s holdings in Kyndryl were worth $666,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Susquehanna raised their price target on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, November 22nd. Oppenheimer raised their price objective on Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Bank of America assumed 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, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $34.60.

Kyndryl Stock Up 0.2 %

Shares of NYSE:KD opened at $34.18 on Friday. The stock has a market capitalization of $7.94 billion, a P/E ratio of -87.64, a price-to-earnings-growth ratio of 8.62 and a beta of 1.86. The stock’s 50-day moving average price is $29.32 and its 200-day moving average price is $26.26. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl Holdings, Inc. has a 12-month low of $19.19 and a 12-month high of $36.43.

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.