30,898 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Bought by Scotia Capital Inc.

Scotia Capital Inc. bought a new position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 30,898 shares of the company's stock, valued at approximately $1,069,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its position in Kyndryl by 105.5% during the 4th quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after buying an additional 6,371,541 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Kyndryl by 123.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock valued at $127,434,000 after purchasing an additional 2,033,549 shares in the last quarter. Invesco Ltd. raised its stake in shares of Kyndryl by 39.9% during the 4th quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock worth $81,177,000 after purchasing an additional 669,097 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Kyndryl in the 4th quarter valued at approximately $16,856,000. Finally, Trexquant Investment LP grew its stake in shares of Kyndryl by 656.2% in the fourth quarter. Trexquant Investment LP now owns 547,462 shares of the company's stock valued at $18,942,000 after buying an additional 475,063 shares in the last quarter. 71.53% of the stock is owned by institutional investors.

Insider Transactions at Kyndryl

In other news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total value of $1,177,825.00. Following the completion of the transaction, the general counsel now directly owns 132,818 shares in the company, valued at approximately $5,688,594.94. This represents a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total value of $2,374,456.65. Following the sale, the senior vice president now owns 43,877 shares in the company, valued at $1,878,374.37. This represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.04% of the company's stock.

Kyndryl Price Performance

Shares of Kyndryl stock traded down $0.66 during trading on Friday, reaching $29.20. 2,156,498 shares of the company's stock were exchanged, compared to its average volume of 2,051,181. The firm's 50-day moving average price is $34.63 and its 200 day moving average price is $32.98. The company has a market cap of $6.79 billion, a P/E ratio of 53.08, a PEG ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $43.61.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Susquehanna raised their price target on Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Oppenheimer lifted their target price on shares of Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th.

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.