Atlas Capital Advisors Inc. Purchases 18,258 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Atlas Capital Advisors Inc. grew its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 646.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,083 shares of the company's stock after acquiring an additional 18,258 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in Kyndryl were worth $729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KD. Cerity Partners LLC grew its holdings in shares of Kyndryl by 151.3% during the 3rd quarter. Cerity Partners LLC now owns 32,187 shares of the company's stock worth $740,000 after purchasing an additional 19,377 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Kyndryl by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,167 shares of the company's stock valued at $1,199,000 after buying an additional 1,078 shares during the period. Captrust Financial Advisors increased its holdings in Kyndryl by 8.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,123 shares of the company's stock valued at $325,000 after buying an additional 1,092 shares during the period. Verition Fund Management LLC raised its position in shares of Kyndryl by 65.7% in the 3rd quarter. Verition Fund Management LLC now owns 34,255 shares of the company's stock valued at $787,000 after buying an additional 13,586 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Kyndryl by 4.5% during the 3rd quarter. HighTower Advisors LLC now owns 29,677 shares of the company's stock worth $666,000 after acquiring an additional 1,268 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Edward Sebold sold 27,500 shares of the firm's stock in a transaction on 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 completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the company's stock in a transaction dated 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 completion of the sale, the senior vice president now owns 43,877 shares in the company, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

Kyndryl Price Performance

Shares of NYSE KD traded down $0.33 during midday trading on Wednesday, reaching $27.44. 450,791 shares of the company were exchanged, compared to its average volume of 2,032,251. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year high of $43.61. The stock has a market cap of $6.38 billion, a P/E ratio of 49.82, a PEG ratio of 10.84 and a beta of 1.91. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The stock's 50-day moving average price is $36.28 and its 200-day moving average price is $32.73.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Susquehanna upped their target price on Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. Oppenheimer raised their price objective on Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research note 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.