Martingale Asset Management L P Lowers Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Martingale Asset Management L P lessened its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 37.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,404 shares of the company’s stock after selling 33,123 shares during the quarter. Martingale Asset Management L P’s holdings in Kyndryl were worth $1,273,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in shares of Kyndryl during the third quarter worth about $29,000. UMB Bank n.a. lifted its position in shares of Kyndryl by 44.2% during the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after purchasing an additional 462 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after purchasing an additional 554 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Kyndryl during the second quarter worth about $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Kyndryl by 33.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock worth $44,000 after purchasing an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Down 0.3 %

Shares of Kyndryl stock opened at $34.71 on Monday. Kyndryl Holdings, Inc. has a 52-week low of $17.78 and a 52-week high of $35.23. The company has a 50 day moving average of $26.09 and a 200 day moving average of $25.50. 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 has a market capitalization of $8.06 billion, a P/E ratio of -89.00, a P/E/G ratio of 8.36 and a beta of 1.63.

Analyst Ratings Changes

Several analysts have recently issued reports on KD shares. Oppenheimer increased their price target on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Bank of America began coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 price target on the stock. Finally, Susquehanna lifted their price target on shares of Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kyndryl presently has an average 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.