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

GAMMA Investing LLC lifted its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 24.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,999 shares of the company’s stock after purchasing an additional 580 shares during the period. GAMMA Investing LLC’s holdings in Kyndryl were worth $104,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC increased its stake in shares of Kyndryl by 35.1% during the third quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after acquiring an additional 1,569,260 shares during the period. Geode Capital Management LLC boosted its holdings in Kyndryl by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock worth $88,908,000 after buying an additional 63,997 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in 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 buying an additional 1,254,208 shares in the last quarter. Renaissance Technologies LLC boosted its holdings 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 buying an additional 675,800 shares in the last quarter. Finally, Zimmer Partners LP boosted its holdings in Kyndryl by 1.9% during the third quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock worth $62,595,000 after buying an additional 49,738 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KD shares. Oppenheimer raised their target price on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Susquehanna raised their price objective 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. Finally, Bank of America assumed coverage on shares of Kyndryl in a research note on Friday, November 22nd. They issued a “buy” rating and a $40.00 price objective for the company.

Kyndryl Stock Down 2.5 %

Kyndryl stock opened at $36.79 on Friday. The company has a market capitalization of $8.55 billion, a P/E ratio of -94.33, a P/E/G ratio of 8.51 and a beta of 1.85. The firm’s fifty day simple moving average is $32.77 and its 200-day simple moving average is $27.31. 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 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.