Chicago Partners Investment Group LLC purchased 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 13F filing with the SEC. The firm purchased 6,737 shares of the company's stock, valued at approximately $254,000.
Several other institutional investors have also modified their holdings of the stock. FMR LLC lifted its stake in shares of Kyndryl by 35.1% in the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company's stock valued at $138,728,000 after purchasing an additional 1,569,260 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Kyndryl by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company's stock worth $88,908,000 after acquiring an additional 63,997 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of Kyndryl by 62.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company's stock worth $74,894,000 after acquiring an additional 1,254,208 shares during the last quarter. Zimmer Partners LP lifted its stake 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 worth $62,595,000 after acquiring an additional 49,738 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Kyndryl by 9.6% during 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 last quarter. 71.53% of the stock is owned by institutional investors.
Insider Activity
In related news, General Counsel Edward Sebold sold 27,500 shares of the business'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 transaction, the general counsel now directly owns 132,818 shares in the company, valued at $5,688,594.94. The trade was a 17.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Vineet Khurana sold 55,465 shares of the business's 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 transaction, the senior vice president now 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.
Kyndryl Stock Down 2.7 %
Shares of NYSE:KD traded down $1.18 on Friday, reaching $41.78. The company had a trading volume of 1,438,564 shares, compared to its average volume of 2,351,687. Kyndryl Holdings, Inc. has a 52-week low of $19.24 and a 52-week high of $43.61. The firm's 50 day simple moving average is $36.87 and its 200-day simple moving average is $29.13. The firm has a market capitalization of $9.70 billion, a PE ratio of 75.96, a PEG ratio of 12.64 and a beta of 1.86. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65.
Analysts Set New Price Targets
KD has been the subject of a number of research analyst reports. Bank of America initiated coverage on Kyndryl in a research note on Friday, November 22nd. They set a "buy" rating and a $40.00 price target for the company. Oppenheimer raised their price objective on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Susquehanna raised their price objective on Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a report on Wednesday.
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Kyndryl Profile
(
Free Report)
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.
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