Xponance Inc. trimmed its position in shares of Kyndryl Holdings, Inc. (NYSE:KD – Free Report) by 11.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,992 shares of the company’s stock after selling 3,309 shares during the period. Xponance Inc.’s holdings in Kyndryl were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Martingale Asset Management L P purchased a new stake in shares of Kyndryl during the 1st quarter worth approximately $1,230,000. ARS Investment Partners LLC purchased a new stake in shares of Kyndryl during the 2nd quarter worth approximately $159,000. Arnhold LLC raised its holdings in Kyndryl by 9.2% during the 1st quarter. Arnhold LLC now owns 1,094,184 shares of the company’s stock valued at $16,150,000 after buying an additional 92,506 shares during the period. Cowen Prime Advisors LLC raised its holdings in Kyndryl by 5.1% during the 1st quarter. Cowen Prime Advisors LLC now owns 36,480 shares of the company’s stock valued at $528,000 after buying an additional 1,760 shares during the period. Finally, PFG Investments LLC purchased a new stake in Kyndryl during the 1st quarter valued at $155,000. 64.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Kyndryl from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, August 22nd. Susquehanna increased their price target on Kyndryl from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th.
Kyndryl Stock Performance
Shares of Kyndryl stock opened at $15.08 on Tuesday. The stock’s fifty day moving average is $15.41 and its two-hundred day moving average is $14.18. The company has a market capitalization of $3.45 billion, a PE ratio of -2.71 and a beta of 1.44. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.35. Kyndryl Holdings, Inc. has a 52 week low of $7.93 and a 52 week high of $17.32.
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.
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