American Century Companies Inc. Has $12.89 Million Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

American Century Companies Inc. grew its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 372,642 shares of the company's stock after purchasing an additional 48,809 shares during the quarter. American Century Companies Inc. owned about 0.16% of Kyndryl worth $12,893,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new position in Kyndryl during the fourth quarter worth about $35,000. Picton Mahoney Asset Management acquired a new position in shares of Kyndryl during the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC raised its stake in Kyndryl by 35.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $39,000 after acquiring an additional 297 shares during the period. Sandy Spring Bank lifted its holdings in Kyndryl by 41.2% during the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock valued at $52,000 after purchasing an additional 442 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Kyndryl during the 4th quarter valued at $60,000. Institutional investors own 71.53% of the company's stock.

Analyst Upgrades and Downgrades

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

Kyndryl Stock Performance

Shares of Kyndryl stock traded down $2.29 during trading on Friday, reaching $28.71. The company's stock had a trading volume of 3,371,394 shares, compared to its average volume of 2,031,163. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The firm has a market cap of $6.68 billion, a PE ratio of 52.21, a P/E/G ratio of 10.84 and a beta of 1.91. The business's 50-day moving average price is $36.90 and its 200-day moving average price is $32.71. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55.

Insiders Place Their Bets

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl 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 of the company's stock, valued at $5,688,594.94. The trade was a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the 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 directly owns 43,877 shares in the company, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.04% of the company's stock.

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.