First Trust Advisors LP Acquires 59,659 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

First Trust Advisors LP boosted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,848 shares of the company's stock after acquiring an additional 59,659 shares during the quarter. First Trust Advisors LP owned 0.14% of Kyndryl worth $11,482,000 at the end of the most recent quarter.

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

Kyndryl Trading Up 0.8 %

KD opened at $32.02 on Monday. The company has a market cap of $7.45 billion, a P/E ratio of 58.22, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The company has a fifty day moving average price of $33.33 and a two-hundred day moving average price of $33.40. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a 1-year low of $19.57 and a 1-year high of $43.61.

Wall Street Analysts Forecast Growth

KD has been the subject of a number of recent analyst reports. Susquehanna decreased their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Oppenheimer lifted their target price on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th.

Insider Activity at Kyndryl

In other news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction dated Thursday, February 6th. The shares were 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 in the company, valued at $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the business's stock in a transaction dated 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 sale, the senior vice president now directly owns 43,877 shares of the company's stock, valued at approximately $1,878,374.37. The trade was a 55.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

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.

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