Highland Capital Management LLC acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 8,828 shares of the company’s stock, valued at approximately $203,000.
Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Kyndryl by 0.3% during the first quarter. Vanguard Group Inc. now owns 25,913,034 shares of the company’s stock worth $563,868,000 after acquiring an additional 81,826 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Kyndryl by 32.3% during the second quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock worth $72,768,000 after acquiring an additional 675,800 shares in the last quarter. Zimmer Partners LP lifted its stake in shares of Kyndryl by 1.3% in the first quarter. Zimmer Partners LP now owns 2,542,885 shares of the company’s stock worth $55,333,000 after buying an additional 32,000 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Kyndryl by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 2,102,657 shares of the company’s stock worth $55,321,000 after buying an additional 158,160 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Kyndryl by 3.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,053,758 shares of the company’s stock worth $44,690,000 after buying an additional 73,580 shares in the last quarter. Institutional investors own 71.53% of the company’s stock.
Kyndryl Trading Down 0.0 %
Shares of NYSE KD opened at $24.07 on Monday. The firm’s 50 day moving average price is $23.61 and its 200-day moving average price is $24.36. The company has a market cap of $5.55 billion, a PE ratio of -16.15, a P/E/G ratio of 5.48 and a beta of 1.63. Kyndryl Holdings, Inc. has a 52-week low of $13.91 and a 52-week high of $28.60. The company has a debt-to-equity ratio of 2.82, 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.
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