Dimensional Fund Advisors LP Buys 1,635,063 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Posted by on Sep 8th, 2023

Dimensional Fund Advisors LP boosted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD – Free Report) by 29.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,132,675 shares of the company’s stock after acquiring an additional 1,635,063 shares during the period. Dimensional Fund Advisors LP’s holdings in Kyndryl were worth $105,275,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in Kyndryl during the 1st quarter valued at about $61,000. AdvisorNet Financial Inc lifted its position in Kyndryl by 15.7% during the 1st quarter. AdvisorNet Financial Inc now owns 5,366 shares of the company’s stock valued at $79,000 after acquiring an additional 727 shares during the period. Aspen Grove Capital LLC purchased a new position in Kyndryl during the 4th quarter valued at about $115,000. Verition Fund Management LLC purchased a new position in Kyndryl during the 4th quarter valued at about $116,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Kyndryl during the 4th quarter valued at about $131,000. 64.89% of the stock is owned by hedge funds and other institutional investors.

Kyndryl Stock Up 0.1 %

Shares of Kyndryl stock opened at $16.83 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50-day simple moving average of $14.49 and a two-hundred day simple moving average of $14.14. Kyndryl Holdings, Inc. has a 52-week low of $7.93 and a 52-week high of $17.21. The stock has a market capitalization of $3.85 billion, a PE ratio of -3.02 and a beta of 1.40.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KD. Susquehanna lifted their price target on shares of Kyndryl from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. JPMorgan Chase & Co. lifted their target price on shares of Kyndryl from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, August 22nd.

Get Our Latest Analysis on Kyndryl

Kyndryl Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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