O Shaughnessy Asset Management LLC Makes New Investment in Kyndryl Holdings, Inc. (NYSE:KD)

O Shaughnessy Asset Management LLC acquired a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,403 shares of the company's stock, valued at approximately $325,000.

Several other institutional investors have also added to or reduced their stakes in KD. Millstone Evans Group LLC bought a new position in Kyndryl in the 4th quarter worth about $35,000. Picton Mahoney Asset Management purchased a new position in Kyndryl during the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its holdings in Kyndryl by 35.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $39,000 after acquiring an additional 297 shares during the period. Sandy Spring Bank increased its holdings in Kyndryl by 41.2% during the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock worth $52,000 after acquiring an additional 442 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in Kyndryl in the 4th quarter worth approximately $60,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of Kyndryl 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 completion of the sale, the senior vice president now owns 43,877 shares of the company's stock, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Edward Sebold sold 27,500 shares of the company's stock in a transaction 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 transaction, the general counsel now directly owns 132,818 shares in the company, valued at approximately $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

Kyndryl Stock Down 2.2 %

Shares of KD traded down $0.65 during mid-day trading on Thursday, reaching $29.20. The company had a trading volume of 347,816 shares, compared to its average volume of 2,043,307. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 53.32, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The firm has a 50-day moving average price of $34.87 and a 200 day moving average price of $32.94. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Susquehanna lifted their price target on shares of Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a research note 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 research report on Tuesday, February 4th.

Kyndryl Company 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.