Dakota Wealth Management Purchases Shares of 35,281 Kyndryl Holdings, Inc. (NYSE:KD)

Dakota Wealth Management bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 35,281 shares of the company’s stock, valued at approximately $1,221,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KD. Wealth Enhancement Advisory Services LLC increased its stake in shares of Kyndryl by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock valued at $1,037,000 after acquiring an additional 312 shares during the last quarter. UMB Bank n.a. raised its holdings in Kyndryl by 27.1% during the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock worth $66,000 after buying an additional 408 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Kyndryl by 33.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock worth $44,000 after buying an additional 422 shares during the period. Trust Co. of Vermont raised its holdings in Kyndryl by 15.2% during the 3rd quarter. Trust Co. of Vermont now owns 3,513 shares of the company’s stock worth $81,000 after buying an additional 464 shares during the period. Finally, Silverberg Bernstein Capital Management LLC raised its holdings in Kyndryl by 1.4% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 36,020 shares of the company’s stock worth $828,000 after buying an additional 480 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Trading Up 0.9 %

KD stock opened at $39.26 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The company has a fifty day moving average price of $34.95 and a two-hundred day moving average price of $28.06. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year high of $39.54. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of -100.66, a price-to-earnings-growth ratio of 10.65 and a beta of 1.85.

Analyst Upgrades and Downgrades

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

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.