Zimmer Partners LP Has $62.60 Million Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Zimmer Partners LP boosted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,723,895 shares of the company’s stock after purchasing an additional 49,738 shares during the period. Kyndryl accounts for approximately 1.1% of Zimmer Partners LP’s holdings, making the stock its 23rd largest holding. Zimmer Partners LP’s holdings in Kyndryl were worth $62,595,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KD. ORG Wealth Partners LLC acquired a new stake in shares of Kyndryl in the third quarter valued at $29,000. UMB Bank n.a. grew 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 acquiring an additional 462 shares during the last quarter. Headlands Technologies LLC grew its holdings in Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after acquiring an additional 554 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Kyndryl in 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. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

Shares of Kyndryl stock opened at $34.49 on Friday. Kyndryl Holdings, Inc. has a 52 week low of $18.05 and a 52 week high of $35.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The firm has a fifty day moving average of $27.24 and a two-hundred day moving average of $25.77.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target for the company. Oppenheimer boosted their target price on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Susquehanna lifted their price objective on Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research report on Friday, November 22nd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $33.00.

Kyndryl 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.