ARS Investment Partners LLC Purchases New Position in Kyndryl Holdings, Inc. (NYSE:KD)

ARS Investment Partners LLC purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,907 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in Kyndryl by 35.1% during the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock worth $138,728,000 after buying an additional 1,569,260 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Kyndryl by 62.6% during the 3rd 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 in the last quarter. Cinctive Capital Management LP purchased a new stake in Kyndryl during the 3rd quarter worth approximately $20,213,000. Cortland Associates Inc. MO boosted its holdings in shares of Kyndryl by 35.7% during the 3rd quarter. Cortland Associates Inc. MO now owns 2,150,614 shares of the company’s stock worth $49,421,000 after purchasing an additional 565,263 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 worth $19,284,000 after purchasing an additional 524,168 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on KD. Oppenheimer boosted their target price on 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 set a “buy” rating and a $40.00 target price on the stock. Finally, Susquehanna boosted their target price on Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Friday, November 22nd.

Kyndryl Price Performance

KD opened at $38.29 on Tuesday. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year high of $39.47. The business’s 50 day moving average price is $34.53 and its 200 day moving average price is $27.89. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65.

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.