Commonwealth Equity Services LLC Raises Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Commonwealth Equity Services LLC increased its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 47.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,341 shares of the company's stock after purchasing an additional 19,088 shares during the period. Commonwealth Equity Services LLC's holdings in Kyndryl were worth $2,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KD. Swiss National Bank grew its position in shares of Kyndryl by 1.0% during the fourth quarter. Swiss National Bank now owns 454,700 shares of the company's stock valued at $15,733,000 after purchasing an additional 4,700 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in Kyndryl during the fourth quarter valued at approximately $281,000. EverSource Wealth Advisors LLC grew 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 valued at $39,000 after buying an additional 297 shares in the last quarter. HighTower Advisors LLC increased its stake in Kyndryl by 4.8% in the 4th quarter. HighTower Advisors LLC now owns 31,109 shares of the company's stock worth $1,076,000 after acquiring an additional 1,432 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Kyndryl by 16.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,680 shares of the company's stock valued at $2,100,000 after acquiring an additional 8,513 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KD shares. Susquehanna boosted their price target 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. Oppenheimer boosted 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.

Insiders Place Their Bets

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the firm'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 of the company's stock, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the company's stock in a transaction that occurred 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. This represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

Kyndryl Trading Up 0.2 %

Shares of Kyndryl stock traded up $0.07 on Monday, reaching $31.39. The company had a trading volume of 2,383,710 shares, compared to its average volume of 2,000,946. The firm's 50-day moving average price is $37.54 and its two-hundred day moving average price is $32.48. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 57.08, a P/E/G ratio of 10.84 and a beta of 1.85. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09.

Kyndryl 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.