Royce & Associates LP Has $60.74 Million Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Royce & Associates LP raised its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 9.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,643,328 shares of the company’s stock after purchasing an additional 232,583 shares during the quarter. Royce & Associates LP owned approximately 1.14% of Kyndryl worth $60,744,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KD. Vanguard Group Inc. grew its stake in Kyndryl by 0.3% during the first quarter. Vanguard Group Inc. now owns 25,913,034 shares of the company’s stock worth $563,868,000 after purchasing an additional 81,826 shares during the period. Renaissance Technologies LLC grew its position in shares of Kyndryl by 32.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock worth $72,768,000 after buying an additional 675,800 shares during the period. Zimmer Partners LP increased its stake in shares of Kyndryl by 1.3% in the 1st quarter. Zimmer Partners LP now owns 2,542,885 shares of the company’s stock valued at $55,333,000 after acquiring an additional 32,000 shares in the last quarter. Cortland Associates Inc. MO lifted its position in shares of Kyndryl by 35.7% during the 3rd quarter. Cortland Associates Inc. MO now owns 2,150,614 shares of the company’s stock valued at $49,421,000 after acquiring an additional 565,263 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Kyndryl by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,102,657 shares of the company’s stock worth $55,321,000 after purchasing an additional 158,160 shares in the last quarter. Institutional investors own 71.53% of the company’s stock.

Kyndryl Trading Down 1.5 %

Shares of Kyndryl stock opened at $28.26 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl Holdings, Inc. has a 52 week low of $17.58 and a 52 week high of $28.93. The stock has a 50 day moving average price of $24.06 and a two-hundred day moving average price of $24.80.

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.