328,308 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 328,308 shares of the company's stock, valued at approximately $11,359,000. Raymond James Financial Inc. owned 0.14% of Kyndryl at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KD. UMB Bank n.a. grew its stake in Kyndryl by 27.1% in the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company's stock worth $66,000 after buying an additional 408 shares in the last quarter. Fifth Third Bancorp grew its position in Kyndryl by 27.5% in the fourth quarter. Fifth Third Bancorp now owns 2,299 shares of the company's stock worth $80,000 after acquiring an additional 496 shares in the last quarter. IFP Advisors Inc increased its stake in Kyndryl by 56.4% in the fourth quarter. IFP Advisors Inc now owns 2,457 shares of the company's stock valued at $85,000 after acquiring an additional 886 shares during the last quarter. GAMMA Investing LLC raised its position in Kyndryl by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 2,999 shares of the company's stock valued at $104,000 after purchasing an additional 580 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Kyndryl by 983.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company's stock worth $108,000 after purchasing an additional 2,822 shares during the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

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Kyndryl Stock Up 2.3 %

Shares of KD stock traded up $0.81 during mid-day trading on Monday, reaching $35.38. 3,146,160 shares of the company's stock traded hands, compared to its average volume of 1,886,705. The company's 50-day moving average price is $38.10 and its 200-day moving average price is $32.04. The company has a market cap of $8.23 billion, a P/E ratio of 64.32, a P/E/G ratio of 10.84 and a beta of 1.85. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61.

Insider Transactions at Kyndryl

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

Analysts Set New Price Targets

KD has been the topic of several recent research reports. Oppenheimer increased their price objective on Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. Susquehanna increased their price target on shares of Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a research report on Wednesday, February 5th.

Kyndryl 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.