August 20, 2023
Federated Hermes Inc. Increases Stake in Kyndryl Holdings, Inc.
Investment management firm Federated Hermes Inc. has reported a significant increase in its stake in Kyndryl Holdings, Inc. (NYSE:KD) during the first quarter of this year. According to the company’s latest filing with the Securities and Exchange Commission (SEC), Federated Hermes Inc. now owns 64,574 shares of Kyndryl’s stock, representing a 253.9% growth from its previous holdings. This increase translates to an acquisition of an additional 46,330 shares during the mentioned period.
At the end of the reporting period, Federated Hermes Inc.’s holdings in Kyndryl were valued at $953,000. The firm’s enhanced interest in Kyndryl portrays confidence in its future prospects and indicates a positive outlook towards the company’s performance.
To gain further insights into the investment landscape surrounding Kyndryl Holdings, investors can access information regarding other hedge funds’ positions through HoldingsChannel.com. By doing so, they can stay informed about the latest developments and decisions made by industry players regarding their holdings and insider trades for Kyndryl Holdings, Inc.
In related news, Susquehanna recently published a research note on August 9th where they raised their price objective on Kyndryl from $14.00 to $15.00. Alongside this adjustment to their valuation target, Susquehanna assigned a “neutral” rating to the company. Such updates are crucial for investors seeking market analysis and expert opinions when making informed investment choices.
The increase in Federated Hermes Inc.’s stake in Kyndryl demonstrates their confidence in the company’s potential for growth and success. By executing these strategic moves within their portfolio, Federated Hermes Inc.’s actions reflect their well-informed approach towards making sound investment decisions.
Investors looking to follow the movements of Federated Hermes Inc. and other relevant market players should remain attentive to ongoing developments and regulatory filings from Kyndryl Holdings, Inc. Monitoring the actions of hedge funds and industry experts can provide valuable insights into current trends and potential investment opportunities within the market.
In conclusion, Federated Hermes Inc.’s recent increase in their stake in Kyndryl Holdings, Inc., coupled with Susquehanna’s raised price objective, signals a positive sentiment towards the company’s future prospects. These data points serve as valuable indicators for investors seeking to make well-informed investment decisions based on expert analysis and market trends. As we continue through 2023, it will be interesting to observe how these developments shape Kyndryl’s trajectory in the global marketplace and its overall performance moving forward.
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Kyndryl Holdings, Inc. Sees Increased Stake from Institutional Investors and Sets Course for Future Growth
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”KD” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]August 20, 2023 – In recent news, several institutional investors have made significant changes to their holdings of Kyndryl Holdings, Inc. (NYSE: KD). Raymond James Financial Services Advisors Inc. has increased its stake in the company by 6.3% during the first quarter. The firm now owns 148,331 shares of Kyndryl valued at $1,946,000 after acquiring an additional 8,824 shares in the last quarter.
Similarly, Bank of New York Mellon Corp has also lifted its stake in Kyndryl by 0.4% during the first quarter and now holds 1,604,898 shares worth $21,054,000 after purchasing an additional 6,965 shares.
Natixis Advisors L.P. entered the picture as well during the first quarter with a new stake in Kyndryl valued approximately at $203,000.
MetLife Investment Management LLC saw substantial growth too by increasing its stake in Kyndryl by 34.6%, adding an extra 30,050 shares to its portfolio. The company now owns 116,861 shares valued at $1,533,000.
Lastly, Rhumbline Advisers raised its stake by 1.8% during the first quarter by acquiring an additional 9,314 shares of Kyndryl stock. It currently holds a total of 524,670 shares valued at $6,884,000.
These moves from institutional investors have solidified their trust and interest in Kyndryl Holdings as demonstrated through their increased stakes in the company.
Kyndryl is publicly traded under the symbol “KD” on the New York Stock Exchange (NYSE). As of Friday’s open trading session on August 20th this year,KD stock was priced at $15.80 per share.
Over the past year,Kyndryl Holdings has seen a fluctuation in its stock price. Its 52-week low was recorded at $7.93, and the 52-week high reached $17.21.
With a debt-to-equity ratio of 2.35, Kyndryl has maintained its financial stability within the industry. Additionally, the company boasts a quick ratio and current ratio of 1.01.
Currently, Kyndryl Holdings has a market capitalization of $3.62 billion and holds a beta of 1.48 along with a negative P/E ratio of -2.84, indicating potential growth opportunities for investors.
The stock’s moving averages provide insights into its overall performance over time, with the 50-day moving average price recorded at $13.61 and the 200-day moving average price at $14.04.
For more detailed information on Kyndryl Holdings Inc.’s positions held by hedge funds and insider trades, investors can visit HoldingsChannel.com to access the latest filings under Form 13F.
As an international technology services company and IT infrastructure services provider,Kyndryl offers various solutions including cloud services, core enterprise and zCloud services, application, data, and artificial intelligence services,digital workplace services, security and resiliency services,and network services along with edge-services.
Moving forward,Kyndryl continues to shape its presence within the industry through strategic investments and advancements in technology to meet evolving customer demands globally.
