Everence Capital Management Inc. Takes $213,000 Position in Kyndryl Holdings, Inc. (NYSE:KD)

Everence Capital Management Inc. bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,150 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake 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 purchasing an additional 1,569,260 shares during the period. Westfield Capital Management Co. LP increased 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 during the last quarter. Cinctive Capital Management LP purchased a new position in Kyndryl during the third quarter worth about $20,213,000. Renaissance Technologies LLC boosted its stake in Kyndryl by 32.3% in the 2nd quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock worth $72,768,000 after buying an additional 675,800 shares during the last quarter. Finally, Cortland Associates Inc. MO boosted its stake in 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 buying an additional 565,263 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

Shares of KD stock opened at $37.78 on Thursday. The firm has a fifty day simple moving average of $32.19 and a 200-day simple moving average of $27.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The company has a market capitalization of $8.78 billion, a PE ratio of -96.87, a price-to-earnings-growth ratio of 8.51 and a beta of 1.85. Kyndryl Holdings, Inc. has a twelve month low of $19.24 and a twelve month high of $39.47.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Oppenheimer increased their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Bank of America began coverage on shares of Kyndryl in a research note on Friday, November 22nd. They set a “buy” rating and a $40.00 price target on the stock. Finally, Susquehanna boosted their price objective 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.

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.