Harbour Capital Advisors LLC Purchases Shares of 27,200 Kyndryl Holdings, Inc. (NYSE:KD)

Harbour Capital Advisors LLC bought a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,200 shares of the company's stock, valued at approximately $654,000.

Other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of Kyndryl during the 1st quarter valued at about $26,000. ORG Wealth Partners LLC purchased a new stake in Kyndryl in the 3rd quarter worth about $29,000. ORG Partners LLC raised its position in Kyndryl by 622.4% in the 1st quarter. ORG Partners LLC now owns 1,416 shares of the company's stock worth $31,000 after purchasing an additional 1,220 shares during the period. Headlands Technologies LLC raised its position in Kyndryl by 60.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company's stock worth $39,000 after purchasing an additional 554 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Kyndryl in the 2nd quarter worth about $39,000. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Stock Up 0.6 %

Shares of NYSE:KD traded up $0.14 on Friday, reaching $25.16. The company had a trading volume of 794,056 shares, compared to its average volume of 1,652,916. Kyndryl Holdings, Inc. has a 52-week low of $13.87 and a 52-week high of $28.60. The firm's 50 day simple moving average is $23.46 and its 200-day simple moving average is $24.22. The firm has a market capitalization of $5.80 billion, a PE ratio of -16.87, a PEG ratio of 5.42 and a beta of 1.63. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.82.

Kyndryl (NYSE:KD - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Kyndryl had a negative return on equity of 3.28% and a negative net margin of 1.21%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.78 billion. As a group, analysts expect that Kyndryl Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer assumed coverage on shares of Kyndryl in a research report on Thursday, June 27th. They issued an "outperform" rating and a $33.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $29.40.

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.