Dakota Wealth Management Makes New Investment in Kyndryl Holdings, Inc. (NYSE:KD)

Dakota Wealth Management bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 35,281 shares of the company’s stock, valued at approximately $1,221,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Westfield Capital Management Co. LP raised its stake 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 valued at $74,894,000 after purchasing an additional 1,254,208 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Kyndryl by 45.9% during the third quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock worth $2,350,000 after purchasing an additional 32,173 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in Kyndryl in the fourth quarter valued at approximately $255,000. National Bank of Canada FI boosted its holdings in shares of Kyndryl by 33.7% during the 3rd quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock worth $15,096,000 after buying an additional 165,481 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Kyndryl by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock worth $45,229,000 after buying an additional 76,670 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Stock Up 0.9 %

Shares of NYSE:KD opened at $39.26 on Friday. The company has a market capitalization of $9.12 billion, a PE ratio of -100.66, a price-to-earnings-growth ratio of 10.65 and a beta of 1.85. 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 business 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 1 year low of $19.24 and a 1 year high of $39.54.

Analysts Set New Price Targets

KD has been the topic of a number of research reports. Oppenheimer upped their target price on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Bank of America initiated coverage on Kyndryl in a research report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target for the company. Finally, Susquehanna upped their price objective on Kyndryl from $33.00 to $40.00 and gave the company a “positive” 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.