Allspring Global Investments Holdings LLC Has $90.98 Million Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Allspring Global Investments Holdings LLC decreased its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,561,476 shares of the company's stock after selling 193,974 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.10% of Kyndryl worth $90,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Kyndryl by 35.1% in the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company's stock worth $138,728,000 after purchasing an additional 1,569,260 shares during the period. Geode Capital Management LLC boosted its stake in Kyndryl by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company's stock worth $88,908,000 after purchasing an additional 63,997 shares during the period. Westfield Capital Management Co. LP boosted its stake in Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company's stock worth $74,894,000 after purchasing an additional 1,254,208 shares during the period. Zimmer Partners LP raised its holdings in shares of Kyndryl by 1.9% during the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company's stock valued at $62,595,000 after purchasing an additional 49,738 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in Kyndryl by 9.6% in the 3rd quarter. Royce & Associates LP now owns 2,643,328 shares of the company's stock worth $60,744,000 after acquiring an additional 232,583 shares during the period. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Stock Performance

Shares of NYSE:KD traded up $0.17 on Friday, hitting $41.71. 1,139,994 shares of the company were exchanged, compared to its average volume of 2,351,687. The company's 50 day moving average price is $37.52 and its two-hundred day moving average price is $29.65. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year high of $43.61. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 75.84, a PEG ratio of 12.64 and a beta of 1.86.

Insider Transactions at Kyndryl

In other news, SVP Vineet Khurana sold 55,465 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.81, for a total transaction 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. The trade was a 55.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the transaction, the general counsel now owns 132,818 shares in the company, valued at approximately $5,688,594.94. The trade was 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.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KD. Bank of America began coverage on shares of Kyndryl in a report on Friday, November 22nd. They issued a "buy" rating and a $40.00 target price on the stock. 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. Finally, Susquehanna lifted their target price on shares of Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a report on Wednesday, February 5th.

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.