Kyndryl Holdings, Inc. (NYSE:KD) Stake Raised by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 983.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,109 shares of the company’s stock after acquiring an additional 2,822 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Kyndryl were worth $108,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Westfield Capital Management Co. LP increased its stake in shares of Kyndryl by 62.6% in 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 during the last quarter. Tidal Investments LLC increased its position in Kyndryl by 45.9% in the 3rd 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. National Bank of Canada FI raised its stake 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 purchasing an additional 165,481 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 valued at $45,229,000 after buying an additional 76,670 shares during the last quarter. Finally, FMR LLC increased its holdings in Kyndryl by 35.1% in the third 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 last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

KD has been the subject of a number of analyst reports. Susquehanna lifted their target price 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. Oppenheimer lifted their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Bank of America started coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price on the stock.

Kyndryl Trading Down 0.1 %

NYSE:KD opened at $38.29 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. The company’s 50 day moving average is $34.33 and its 200-day moving average is $27.80. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of -98.16, a P/E/G ratio of 9.30 and a beta of 1.85. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $39.47.

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.