Kyndryl (NYSE:KD) Given New $40.00 Price Target at Susquehanna

Kyndryl (NYSE:KD) had its price objective boosted by Susquehanna from $33.00 to $40.00 in a report released on Friday morning,Benzinga reports. The firm currently has a positive rating on the stock.

A number of other equities analysts have also recently weighed in on KD. Oppenheimer upped their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday. Bank of America started coverage on shares of Kyndryl in a research note on Friday. They issued a “buy” rating and a $40.00 price target on the stock. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $33.00.

Kyndryl Price Performance

KD opened at $33.04 on Friday. The firm has a fifty day moving average price of $24.78 and a 200 day moving average price of $25.14. Kyndryl has a 1 year low of $17.64 and a 1 year high of $33.62. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65.

Institutional Trading of Kyndryl

Hedge funds have recently modified their holdings of the business. FMR LLC raised its stake in shares of Kyndryl by 35.1% in the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after acquiring an additional 1,569,260 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Kyndryl by 62.6% during 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 acquiring an additional 1,254,208 shares during the period. Cinctive Capital Management LP acquired a new position in shares of Kyndryl in the 3rd quarter worth approximately $20,213,000. Great Lakes Advisors LLC bought a new stake in Kyndryl during the 2nd quarter worth about $19,996,000. Finally, Renaissance Technologies LLC increased its stake in shares of Kyndryl by 32.3% in the 2nd quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock valued at $72,768,000 after buying an additional 675,800 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Company 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.