Kyndryl (NYSE:KD) Price Target Raised to $43.00

Kyndryl (NYSE:KD) had its target price lifted by Oppenheimer from $37.00 to $43.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Bank of America assumed coverage on shares of Kyndryl in a research note on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target on the stock. Susquehanna boosted their target price on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, November 22nd.

Kyndryl Price Performance

Shares of KD stock opened at $42.91 on Tuesday. 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 market capitalization of $9.97 billion, a PE ratio of -110.01, a price-to-earnings-growth ratio of 11.00 and a beta of 1.86. The firm’s 50-day moving average is $36.57 and its two-hundred day moving average is $28.93. Kyndryl has a 12 month low of $19.24 and a 12 month high of $43.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KD. Wealth Enhancement Advisory Services LLC lifted its holdings in Kyndryl by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock worth $1,037,000 after buying an additional 312 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Kyndryl by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company’s stock valued at $2,232,000 after acquiring an additional 400 shares in the last quarter. UMB Bank n.a. boosted its holdings in Kyndryl by 27.1% in the fourth quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock valued at $66,000 after purchasing an additional 408 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Kyndryl by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after purchasing an additional 422 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake in Kyndryl by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 47,226 shares of the company’s stock worth $1,634,000 after purchasing an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

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.