Kyndryl Holdings, Inc. (NYSE:KD – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $39.47 and last traded at $39.20, with a volume of 1165 shares trading hands. The stock had previously closed at $39.13.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on KD shares. Oppenheimer upped their price target on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Bank of America began coverage on Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Susquehanna boosted their price objective on Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Friday, November 22nd.
Check Out Our Latest Analysis on KD
Kyndryl Stock Down 0.4 %
Hedge Funds Weigh In On Kyndryl
Hedge funds have recently bought and sold shares of the business. FMR LLC increased its position in Kyndryl by 35.1% during the third 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 during the last quarter. Westfield Capital Management Co. LP boosted its holdings 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 buying an additional 1,254,208 shares during the last quarter. Cinctive Capital Management LP bought a new stake in Kyndryl during the third quarter valued at approximately $20,213,000. Cortland Associates Inc. MO increased its holdings in Kyndryl by 35.7% during the third quarter. Cortland Associates Inc. MO now owns 2,150,614 shares of the company’s stock valued at $49,421,000 after buying an additional 565,263 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Kyndryl by 166.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 839,178 shares of the company’s stock valued at $19,284,000 after acquiring an additional 524,168 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.
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