Kyndryl Holdings, Inc. (NYSE:KD) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KDFree Report) by 28.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,130 shares of the company’s stock after buying an additional 38,437 shares during the quarter. Amalgamated Bank owned 0.08% of Kyndryl worth $2,599,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bartlett & Co. LLC raised its holdings in shares of Kyndryl by 142.0% in the 3rd quarter. Bartlett & Co. LLC now owns 1,873 shares of the company’s stock valued at $28,000 after purchasing an additional 1,099 shares in the last quarter. Fairfield Bush & CO. acquired a new stake in shares of Kyndryl in the 2nd quarter valued at $28,000. State of Wyoming acquired a new stake in shares of Kyndryl in the 2nd quarter valued at $55,000. Geneos Wealth Management Inc. acquired a new stake in shares of Kyndryl in the 1st quarter valued at $61,000. Finally, Aspen Grove Capital LLC acquired a new stake in shares of Kyndryl in the 4th quarter valued at $115,000. 64.89% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Trading Up 2.9 %

Shares of Kyndryl stock opened at $21.96 on Monday. Kyndryl Holdings, Inc. has a 1 year low of $11.35 and a 1 year high of $22.10. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 0.94. The company has a market capitalization of $5.05 billion, a P/E ratio of -4.85 and a beta of 1.58. The company’s fifty day moving average is $20.24 and its two-hundred day moving average is $17.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KD shares. Evercore ISI upgraded shares of Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Monday, January 8th. TheStreet upgraded shares of Kyndryl from a “d” rating to a “c” rating in a research note on Tuesday, December 12th. JPMorgan Chase & Co. upgraded shares of Kyndryl from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $20.00 to $25.00 in a research note on Monday, December 18th. Finally, Susquehanna lifted their price target on shares of Kyndryl from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kyndryl has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Get Our Latest Research Report on Kyndryl

About Kyndryl

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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