Kyndryl Holdings, Inc. (NYSE:KD) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 24.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,999 shares of the company’s stock after purchasing an additional 580 shares during the quarter. GAMMA Investing LLC’s holdings in Kyndryl were worth $104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KD. Westfield Capital Management Co. LP raised its stake 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 worth $74,894,000 after purchasing an additional 1,254,208 shares during the last quarter. Tidal Investments LLC raised its position in Kyndryl by 45.9% in the third quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock worth $2,350,000 after acquiring an additional 32,173 shares in the last quarter. National Bank of Canada FI raised its position in Kyndryl by 33.7% in the third quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock worth $15,096,000 after acquiring an additional 165,481 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Kyndryl by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock worth $45,229,000 after acquiring an additional 76,670 shares in the last quarter. Finally, FMR LLC grew its holdings in Kyndryl by 35.1% in the third quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after purchasing an additional 1,569,260 shares during the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KD has been the topic of several analyst reports. Susquehanna raised their price target on shares of Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research note on Friday, November 22nd. 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. Finally, Bank of America assumed coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective for the company.

Kyndryl Stock Performance

NYSE:KD opened at $36.79 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day moving average of $32.77 and a two-hundred day moving average of $27.31. The stock has a market cap of $8.55 billion, a P/E ratio of -94.33, a PEG ratio of 8.51 and a beta of 1.85. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $39.47.

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.