Edgestream Partners L.P. Trims Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Edgestream Partners L.P. reduced its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 18.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,748 shares of the company's stock after selling 24,692 shares during the period. Edgestream Partners L.P.'s holdings in Kyndryl were worth $2,453,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in Kyndryl by 5.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 129,703 shares of the company's stock worth $2,823,000 after purchasing an additional 6,959 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Kyndryl by 240.7% during the first quarter. Tidal Investments LLC now owns 55,778 shares of the company's stock valued at $1,214,000 after buying an additional 39,408 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Kyndryl by 65.8% during the second quarter. GAMMA Investing LLC now owns 2,490 shares of the company's stock valued at $66,000 after acquiring an additional 988 shares in the last quarter. Fulton Bank N.A. raised its holdings in Kyndryl by 20.7% in the 2nd quarter. Fulton Bank N.A. now owns 21,062 shares of the company's stock worth $554,000 after acquiring an additional 3,606 shares during the last quarter. Finally, CWM LLC lifted its position in Kyndryl by 32.2% in the 2nd quarter. CWM LLC now owns 6,329 shares of the company's stock valued at $167,000 after acquiring an additional 1,543 shares in the last quarter. Institutional investors own 71.53% of the company's stock.

Kyndryl Price Performance

Shares of KD stock traded up $0.72 during trading hours on Tuesday, hitting $34.78. The stock had a trading volume of 2,180,308 shares, compared to its average volume of 1,760,496. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of -89.18, a PEG ratio of 8.21 and a beta of 1.86. Kyndryl Holdings, Inc. has a one year low of $18.05 and a one year high of $35.23. The stock's 50-day moving average price is $26.53 and its two-hundred day moving average price is $25.60.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KD shares. Susquehanna raised their price target on shares of Kyndryl from $33.00 to $40.00 and gave the company a "positive" rating in a report on Friday, November 22nd. 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. Finally, Bank of America began coverage on Kyndryl in a report on Friday, November 22nd. They set a "buy" rating and a $40.00 price target on the stock. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kyndryl presently has an average rating of "Buy" and an average target price of $33.00.

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.