KBC Group NV Boosts Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

KBC Group NV raised its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 15.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund 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.

Several other institutional investors and hedge funds have also modified their holdings of KD. Great Lakes Advisors LLC acquired a new position in shares of Kyndryl in the 2nd quarter valued at $19,996,000. Renaissance Technologies LLC increased its holdings in Kyndryl by 32.3% in the second quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock valued at $72,768,000 after buying an additional 675,800 shares in the last quarter. Cortland Associates Inc. MO raised its position in shares of Kyndryl by 35.7% in the third quarter. Cortland Associates Inc. MO now owns 2,150,614 shares of the company’s stock worth $49,421,000 after acquiring an additional 565,263 shares during the period. Millennium Management LLC raised its position in shares of Kyndryl by 101.1% in the second quarter. Millennium Management LLC now owns 1,011,420 shares of the company’s stock worth $26,610,000 after acquiring an additional 508,553 shares during the period. Finally, AQR Capital Management LLC boosted its stake 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. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Stock Performance

NYSE KD opened at $32.48 on Friday. 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 twelve month low of $17.64 and a twelve month high of $33.26. The stock has a 50-day moving average of $24.59 and a 200 day moving average of $25.09. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of -83.28, a PEG ratio of 6.76 and a beta of 1.63.

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.