Kyndryl Holdings, Inc. (NYSE:KD – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.71 and last traded at $28.71, with a volume of 174597 shares changing hands. The stock had previously closed at $28.08.
Kyndryl Stock Performance
The company has a market cap of $6.51 billion, a P/E ratio of -72.05, a price-to-earnings-growth ratio of 6.78 and a beta of 1.63. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.82. The company’s 50-day moving average is $23.85 and its two-hundred day moving average is $24.71.
Institutional Investors Weigh In On Kyndryl
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new position in Kyndryl in the first quarter worth about $26,000. ORG Wealth Partners LLC purchased a new stake in Kyndryl during the 3rd quarter valued at approximately $29,000. UMB Bank n.a. grew its holdings in Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after buying an additional 462 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after buying an additional 554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Kyndryl in the second quarter valued at $39,000. Institutional investors own 71.53% of the company’s stock.
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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