Loomis Sayles & Co. L P Purchases New Position in Kyndryl Holdings, Inc. (NYSE:KD)

Loomis Sayles & Co. L P acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 379,570 shares of the company's stock, valued at approximately $13,133,000. Loomis Sayles & Co. L P owned 0.16% of Kyndryl as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Kyndryl by 35.1% during the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company's stock valued at $138,728,000 after acquiring an additional 1,569,260 shares during the last quarter. Cinctive Capital Management LP purchased a new stake in Kyndryl in the third quarter valued at approximately $20,213,000. Mediolanum International Funds Ltd bought a new stake in Kyndryl during the fourth quarter valued at approximately $16,856,000. Raymond James Financial Inc. purchased a new position in Kyndryl in the 4th quarter worth approximately $11,359,000. Finally, Wexford Capital LP bought a new position in shares of Kyndryl in the 3rd quarter worth $6,371,000. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

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Wall Street Analysts Forecast Growth

KD has been the subject of a number of research analyst reports. Susquehanna lifted their price objective on shares of Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a report on Wednesday, February 5th. Oppenheimer lifted their price target on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th.

Kyndryl Trading Up 0.2 %

Shares of Kyndryl stock traded up $0.07 during trading on Monday, reaching $31.39. The company's stock had a trading volume of 2,383,710 shares, compared to its average volume of 2,000,946. 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 52-week low of $19.24 and a 52-week high of $43.61. The firm's 50-day moving average is $37.67 and its two-hundred day moving average is $32.42. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 57.08, a PEG ratio of 10.84 and a beta of 1.85.

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.