Wilmington Savings Fund Society FSB Makes New Investment in Kyndryl Holdings, Inc. (NYSE:KD)

Wilmington Savings Fund Society FSB purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,450 shares of the company’s stock, valued at approximately $171,000.

A number of other large investors have also made changes to their positions in KD. Sanctuary Advisors LLC acquired a new position in Kyndryl in the third quarter valued at about $237,000. Geode Capital Management LLC lifted its holdings in shares of Kyndryl by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock valued at $88,908,000 after purchasing an additional 63,997 shares in the last quarter. Barclays PLC grew its position in shares of Kyndryl by 49.2% in the 3rd quarter. Barclays PLC now owns 255,958 shares of the company’s stock valued at $5,882,000 after purchasing an additional 84,347 shares during the period. Public Employees Retirement System of Ohio increased its stake in Kyndryl by 2.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 91,839 shares of the company’s stock worth $2,110,000 after purchasing an additional 2,347 shares in the last quarter. Finally, Zimmer Partners LP raised its holdings in Kyndryl by 1.9% during the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock worth $62,595,000 after buying an additional 49,738 shares during the period. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Down 3.6 %

Kyndryl stock opened at $34.10 on Thursday. 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 1-year low of $19.19 and a 1-year high of $36.43. The company has a fifty day simple moving average of $28.93 and a 200 day simple moving average of $26.15. The company has a market cap of $7.92 billion, a P/E ratio of -87.43, a price-to-earnings-growth ratio of 8.62 and a beta of 1.86.

Analysts Set New Price Targets

Several research firms have recently weighed in on KD. Oppenheimer upped 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 initiated coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price for the company. Finally, Susquehanna boosted their price target on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, November 22nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $34.60.

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.