Kyndryl Holdings, Inc. (NYSE:KD) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 25.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,671 shares of the company’s stock after acquiring an additional 13,392 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Kyndryl were worth $1,509,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new position in shares of Kyndryl in the 1st quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new position in Kyndryl in the third quarter worth $29,000. Headlands Technologies LLC boosted its holdings in Kyndryl by 60.2% in the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after purchasing an additional 554 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Kyndryl during the second quarter valued at $39,000. Finally, UMB Bank n.a. raised its holdings in shares of Kyndryl by 44.2% during the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after purchasing an additional 462 shares during the period. 71.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KD has been the subject of several research reports. Bank of America began coverage on shares of Kyndryl in a report on Friday. They issued a “buy” rating and a $40.00 price target for the company. Oppenheimer increased their price target on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Susquehanna raised their price target on Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Friday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $33.00.

Kyndryl Stock Up 2.6 %

Shares of Kyndryl stock opened at $33.92 on Tuesday. Kyndryl Holdings, Inc. has a 1-year low of $17.64 and a 1-year high of $34.33. The company has a market capitalization of $7.88 billion, a P/E ratio of -86.28, a PEG ratio of 7.96 and a beta of 1.63. The business’s fifty day moving average price is $24.99 and its two-hundred day moving average price is $25.24. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03.

About Kyndryl

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.