KBC Group NV Purchases 857 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

KBC Group NV increased its position in Kyndryl Holdings, Inc. (NYSE:KD) by 15.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,443 shares of the company’s stock after buying an additional 857 shares during the period. KBC Group NV’s holdings in Kyndryl were worth $148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Great Lakes Advisors LLC bought a new stake in Kyndryl in the 2nd quarter valued at $19,996,000. Renaissance Technologies LLC lifted its position in shares of Kyndryl by 32.3% in the second quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock worth $72,768,000 after buying an additional 675,800 shares in the last quarter. Cortland Associates Inc. MO boosted its stake in Kyndryl by 35.7% during the third quarter. Cortland Associates Inc. MO now owns 2,150,614 shares of the company’s stock valued at $49,421,000 after buying an additional 565,263 shares during the last quarter. Millennium Management LLC grew its holdings in Kyndryl by 101.1% during the 2nd quarter. Millennium Management LLC now owns 1,011,420 shares of the company’s stock valued at $26,610,000 after buying an additional 508,553 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Kyndryl by 392.1% during the 2nd quarter. AQR Capital Management LLC now owns 631,299 shares of the company’s stock worth $16,578,000 after acquiring an additional 503,020 shares in the last quarter. 71.53% of the stock is owned by institutional investors.

Kyndryl Trading Up 13.8 %

KD stock opened at $32.48 on Friday. The firm has a fifty day moving average price of $24.59 and a 200 day moving average price of $25.09. Kyndryl Holdings, Inc. has a fifty-two week low of $17.64 and a fifty-two week high of $33.26. The firm has a market cap of $7.54 billion, a PE ratio of -83.28, a price-to-earnings-growth ratio of 6.76 and a beta of 1.63. 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.