Squarepoint Ops LLC bought a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,818 shares of the company's stock, valued at approximately $1,337,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its stake in shares of Kyndryl by 240.7% in the 1st quarter. Tidal Investments LLC now owns 55,778 shares of the company's stock worth $1,214,000 after purchasing an additional 39,408 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Kyndryl by 11.8% during the first quarter. Bleakley Financial Group LLC now owns 15,307 shares of the company's stock worth $333,000 after buying an additional 1,621 shares in the last quarter. Sei Investments Co. grew its position in Kyndryl by 23.4% in the first quarter. Sei Investments Co. now owns 260,771 shares of the company's stock worth $5,674,000 after buying an additional 49,520 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Kyndryl in the second quarter valued at $1,418,000. Finally, Greenlight Capital Inc. lifted its position in shares of Kyndryl by 13.7% during the 4th quarter. Greenlight Capital Inc. now owns 6,356,069 shares of the company's stock valued at $132,079,000 after acquiring an additional 767,943 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

Kyndryl stock opened at $23.63 on Friday. The company has a 50 day moving average price of $23.38 and a 200 day moving average price of $24.06. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.03 and a current ratio of 1.03. Kyndryl Holdings, Inc. has a 52 week low of $13.87 and a 52 week high of $28.60. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of -15.86, a P/E/G ratio of 5.32 and a beta of 1.63.

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

Separately, Oppenheimer began coverage on Kyndryl in a research report on Thursday, June 27th. They set an "outperform" rating and a $33.00 target price on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kyndryl currently has a consensus rating of "Buy" and a consensus price target of $29.40.

Check Out Our Latest Research Report on 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.

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