Lecap Asset Management Ltd. Purchases Shares of 39,296 Kyndryl Holdings, Inc. (NYSE:KD)

Lecap Asset Management Ltd. acquired a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 39,296 shares of the company's stock, valued at approximately $1,360,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Kyndryl by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company's stock valued at $44,000 after purchasing an additional 422 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Kyndryl by 30.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 56,600 shares of the company's stock valued at $1,301,000 after buying an additional 13,100 shares in the last quarter. CWM LLC increased its stake in shares of Kyndryl by 92.7% in the 3rd quarter. CWM LLC now owns 12,193 shares of the company's stock worth $280,000 after acquiring an additional 5,864 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Kyndryl by 4.0% in the third quarter. Wedmont Private Capital now owns 13,086 shares of the company's stock valued at $307,000 after purchasing an additional 503 shares during the period. Finally, UMB Bank n.a. raised its stake in Kyndryl by 44.2% during the third quarter. UMB Bank n.a. now owns 1,508 shares of the company's stock worth $35,000 after purchasing an additional 462 shares during the period. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Trading Down 2.5 %

Shares of KD stock traded down $1.05 during trading hours on Tuesday, hitting $39.98. The company had a trading volume of 1,845,708 shares, compared to its average volume of 2,569,052. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $9.28 billion, a PE ratio of 72.68, a price-to-earnings-growth ratio of 12.64 and a beta of 1.86. The company's fifty day moving average is $37.01 and its 200 day moving average is $29.26. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $43.61.

Insiders Place Their Bets

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction that occurred on 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 sale, the general counsel now directly owns 132,818 shares in the company, valued at $5,688,594.94. This represents a 17.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Vineet Khurana sold 55,465 shares of the business's 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 transaction, the senior vice president now directly owns 43,877 shares of the company's stock, valued at $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 owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KD. Oppenheimer increased their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Bank of America started coverage on Kyndryl in a research report on Friday, November 22nd. They issued a "buy" rating and a $40.00 price objective for the company. Finally, Susquehanna upped their price target on Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th.

Kyndryl Company 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.