MetLife Investment Management LLC Purchases 11,417 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

MetLife Investment Management LLC lifted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,847 shares of the company's stock after purchasing an additional 11,417 shares during the period. MetLife Investment Management LLC owned 0.06% of Kyndryl worth $4,527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KD. Barclays PLC grew its stake in Kyndryl by 49.2% in the 3rd quarter. Barclays PLC now owns 255,958 shares of the company's stock valued at $5,882,000 after purchasing an additional 84,347 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Kyndryl in the 3rd quarter worth about $237,000. Wilmington Savings Fund Society FSB bought a new position in Kyndryl during the third quarter valued at about $171,000. Tidal Investments LLC increased its holdings in Kyndryl by 45.9% during the third quarter. Tidal Investments LLC now owns 102,270 shares of the company's stock worth $2,350,000 after buying an additional 32,173 shares during the last quarter. Finally, Synovus Financial Corp raised its position in Kyndryl by 11.5% in the third quarter. Synovus Financial Corp now owns 25,074 shares of the company's stock worth $576,000 after acquiring an additional 2,581 shares during the period. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction on Thursday, February 6th. The stock was 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 approximately $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 SEC, which is accessible through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.81, for a total value of $2,374,456.65. Following the completion of the sale, the senior vice president now directly owns 43,877 shares in the company, valued at approximately $1,878,374.37. The trade was a 55.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company's stock.

Analysts Set New Price Targets

KD has been the subject of several research analyst reports. Susquehanna decreased their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday. Oppenheimer raised their target price on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th.

Kyndryl Stock Up 2.4 %

KD opened at $31.76 on Friday. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The company has a market cap of $7.39 billion, a PE ratio of 57.75, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. The company has a 50 day moving average of $33.72 and a 200 day moving average of $33.17.

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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