Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,078 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,167 shares of the company’s stock after purchasing an additional 1,078 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kyndryl were worth $1,199,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Kyndryl by 35.1% during the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock worth $138,728,000 after buying an additional 1,569,260 shares during the period. Westfield Capital Management Co. LP raised its stake in Kyndryl by 62.6% during the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after acquiring an additional 1,254,208 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Kyndryl by 32.3% during the second quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock valued at $72,768,000 after acquiring an additional 675,800 shares during the period. Royce & Associates LP boosted its stake in shares of Kyndryl by 9.6% in the 3rd quarter. Royce & Associates LP now owns 2,643,328 shares of the company’s stock valued at $60,744,000 after purchasing an additional 232,583 shares in the last quarter. Finally, Cortland Associates Inc. MO grew its holdings in shares of Kyndryl by 35.7% in the 3rd quarter. Cortland Associates Inc. MO now owns 2,150,614 shares of the company’s stock worth $49,421,000 after purchasing an additional 565,263 shares during the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Susquehanna boosted their price target on shares of Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, November 22nd. Oppenheimer boosted their target price on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, Bank of America initiated coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 price target for the company. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Kyndryl presently has an average rating of “Buy” and an average target price of $33.00.

Kyndryl Stock Down 0.4 %

Shares of KD opened at $34.67 on Friday. The business’s fifty day moving average price is $27.01 and its two-hundred day moving average price is $25.73. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of -88.90, a PEG ratio of 8.38 and a beta of 1.86. Kyndryl Holdings, Inc. has a 52 week low of $18.05 and a 52 week high of $35.23.

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.