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Greenleaf Trust Takes $296,000 Position in Kyndryl Holdings, Inc. (NYSE:KD)

Kyndryl logo with Business Services background

Greenleaf Trust acquired a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,558 shares of the company's stock, valued at approximately $296,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new position in Kyndryl during the fourth quarter worth about $254,000. Mediolanum International Funds Ltd bought a new position in shares of Kyndryl during the 4th quarter worth approximately $16,856,000. Pacer Advisors Inc. boosted its stake in shares of Kyndryl by 4.2% in the 4th quarter. Pacer Advisors Inc. now owns 76,380 shares of the company's stock worth $2,643,000 after buying an additional 3,081 shares during the last quarter. KBC Group NV grew its holdings in shares of Kyndryl by 57.5% in the fourth quarter. KBC Group NV now owns 10,145 shares of the company's stock valued at $351,000 after acquiring an additional 3,702 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Kyndryl by 244.6% during the fourth quarter. Blue Trust Inc. now owns 14,935 shares of the company's stock valued at $517,000 after acquiring an additional 10,601 shares during the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KD. Susquehanna increased their target price on shares of Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a research report on Wednesday. Bank of America assumed coverage on Kyndryl in a report on Friday, November 22nd. They set a "buy" rating and a $40.00 price objective for the company. Finally, Oppenheimer boosted their target price on Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th.

Read Our Latest Research Report on Kyndryl

Kyndryl Trading Down 2.7 %

KD stock traded down $1.18 during midday trading on Friday, hitting $41.78. The company had a trading volume of 1,438,564 shares, compared to its average volume of 2,351,687. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 75.96, a PEG ratio of 12.64 and a beta of 1.86. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The stock's 50 day moving average price is $36.87 and its 200 day moving average price is $29.13.

Insider Transactions at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction 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 sale, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Vineet Khurana sold 55,465 shares of the firm'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 completion of the sale, the senior vice president now directly owns 43,877 shares of the company's stock, valued at approximately $1,878,374.37. This represents 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 company insiders.

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.

Further Reading

Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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