9,351 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Acquired by Financial Counselors Inc.

Financial Counselors Inc. bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,351 shares of the company's stock, valued at approximately $324,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KD. Vanguard Group Inc. boosted its holdings in shares of Kyndryl by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company's stock valued at $964,434,000 after acquiring an additional 79,575 shares during the period. FMR LLC raised its position in 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 boosted its stake in 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 purchasing an additional 63,997 shares during the period. Zimmer Partners LP grew its position in 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 purchasing an additional 49,738 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Kyndryl by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company's stock valued at $45,229,000 after purchasing an additional 76,670 shares during the period. 71.53% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Kyndryl

In related news, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the completion of the transaction, the senior vice president now directly owns 43,877 shares in the company, valued at $1,878,374.37. The trade was a 55.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 completion of the sale, the general counsel now directly 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. Corporate insiders own 1.04% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Susquehanna lifted their target price on Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. Oppenheimer lifted 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.

Kyndryl Price Performance

KD stock traded up $0.07 on Monday, reaching $31.39. 2,383,710 shares of the company's stock were exchanged, compared to its average volume of 2,000,946. The stock has a fifty day moving average of $37.67 and a 200-day moving average of $32.42. The firm has a market cap of $7.31 billion, a PE ratio of 57.08, a P/E/G ratio of 10.84 and a beta of 1.85. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a twelve month low of $19.24 and a twelve month high of $43.61.

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.