Kyndryl Holdings, Inc. (NYSE:KD) Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lifted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 62.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,259,082 shares of the company’s stock after purchasing an additional 1,254,208 shares during the period. Westfield Capital Management Co. LP’s holdings in Kyndryl were worth $74,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of Kyndryl during the first quarter valued at $26,000. ORG Wealth Partners LLC acquired a new stake in Kyndryl during the 3rd quarter worth about $29,000. UMB Bank n.a. raised its holdings in Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after buying an additional 462 shares during the period. Headlands Technologies LLC lifted its stake in Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after buying an additional 554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Kyndryl in the second quarter worth about $39,000. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Trading Up 1.7 %

Kyndryl stock opened at $33.05 on Friday. Kyndryl Holdings, Inc. has a 12 month low of $17.64 and a 12 month high of $33.62. 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 stock has a market cap of $7.68 billion, a P/E ratio of -84.74, a P/E/G ratio of 7.83 and a beta of 1.63. The company’s fifty day simple moving average is $24.99 and its 200-day simple moving average is $25.22.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KD. Susquehanna boosted their price target on shares of Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday. Oppenheimer increased their target price on Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday. Finally, Bank of America assumed coverage on Kyndryl in a report on Friday. They set a “buy” rating and a $40.00 price target on the stock. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kyndryl currently has a consensus rating of “Buy” and an average price target of $33.00.

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.