Ellsworth Advisors LLC Grows Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Ellsworth Advisors LLC boosted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 6.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,553 shares of the company’s stock after acquiring an additional 1,484 shares during the quarter. Ellsworth Advisors LLC’s holdings in Kyndryl were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of KD. Merit Financial Group LLC bought a new position in shares of Kyndryl in the fourth quarter worth approximately $327,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Kyndryl by 983.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company’s stock worth $108,000 after acquiring an additional 2,822 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in Kyndryl in the 4th quarter worth $255,000. Pallas Capital Advisors LLC increased its position in shares of Kyndryl by 20.2% in the fourth quarter. Pallas Capital Advisors LLC now owns 11,317 shares of the company’s stock valued at $392,000 after acquiring an additional 1,904 shares during the period. Finally, Wedmont Private Capital raised its stake in shares of Kyndryl by 14.7% during the fourth quarter. Wedmont Private Capital now owns 15,014 shares of the company’s stock valued at $552,000 after acquiring an additional 1,928 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Oppenheimer boosted their price target on Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Susquehanna upped their target price on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, November 22nd. Finally, 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 on the stock.

Kyndryl Stock Performance

Kyndryl stock opened at $38.29 on Monday. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $39.47. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of -98.16, a PEG ratio of 9.30 and a beta of 1.85. The stock’s 50 day simple moving average is $34.33 and its two-hundred day simple moving average is $27.81. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03.

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.