Amundi Increases Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Amundi grew its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 65.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 223,594 shares of the company's stock after purchasing an additional 88,404 shares during the period. Amundi owned approximately 0.10% of Kyndryl worth $8,434,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its position in Kyndryl by 35.1% during the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company's stock worth $138,728,000 after buying an additional 1,569,260 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kyndryl by 1.7% during the third 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 period. Westfield Capital Management Co. LP raised its position in Kyndryl by 62.6% in the third 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 in the last quarter. Zimmer Partners LP lifted its holdings in Kyndryl by 1.9% in the third quarter. Zimmer Partners LP now owns 2,723,895 shares of the company's stock valued at $62,595,000 after acquiring an additional 49,738 shares during the period. Finally, Royce & Associates LP boosted its position 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 purchasing an additional 232,583 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KD. Oppenheimer increased their target price on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a report on Tuesday, February 4th. Bank of America started 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, Susquehanna upped their target price on Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a report on Wednesday, February 5th.

Kyndryl Price Performance

Shares of KD traded down $0.97 during trading hours on Tuesday, reaching $34.55. 2,080,884 shares of the company traded hands, compared to its average volume of 1,857,872. The stock has a market capitalization of $8.04 billion, a PE ratio of 62.83, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85. The stock has a fifty day simple moving average of $38.33 and a 200 day simple moving average of $31.72. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $43.61. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55.

Insider Buying and Selling at Kyndryl

In other Kyndryl 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 transaction, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. This trade represents a 17.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Vineet Khurana sold 55,465 shares of the 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 completion of the transaction, the senior vice president now directly owns 43,877 shares in the company, valued at $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. 1.04% of the stock is currently owned by insiders.

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.