Quintet Private Bank Europe S.A. Takes Position in Kyndryl Holdings, Inc. (NYSE:KD)

Quintet Private Bank Europe S.A. acquired a new stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 41,077 shares of the company's stock, valued at approximately $1,421,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Kyndryl by 35.1% during the third quarter. FMR LLC now owns 6,036,908 shares of the company's stock worth $138,728,000 after purchasing an additional 1,569,260 shares during the period. Westfield Capital Management Co. LP raised its position in Kyndryl by 62.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company's stock valued at $74,894,000 after purchasing an additional 1,254,208 shares during the last quarter. Cinctive Capital Management LP purchased a new stake in Kyndryl in the 3rd quarter worth approximately $20,213,000. Cortland Associates Inc. MO grew its position in shares of Kyndryl by 35.7% in the 3rd quarter. Cortland Associates Inc. MO now owns 2,150,614 shares of the company's stock worth $49,421,000 after buying an additional 565,263 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Kyndryl by 166.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 839,178 shares of the company's stock valued at $19,284,000 after buying an additional 524,168 shares during the period. Institutional investors own 71.53% of the company's stock.

Wall Street Analyst Weigh In

KD has been the topic of several recent analyst reports. Susquehanna lifted their price target on shares of Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Bank of America started coverage on shares of Kyndryl in a research report on Friday, November 22nd. They issued a "buy" rating and a $40.00 target price for the company. Finally, Oppenheimer increased their price target on shares of Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th.

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Kyndryl Stock Down 4.8 %

Shares of Kyndryl stock traded down $1.77 during trading on Thursday, hitting $35.41. The company's stock had a trading volume of 2,226,046 shares, compared to its average volume of 1,851,722. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The company has a market capitalization of $8.24 billion, a PE ratio of 64.39, a P/E/G ratio of 10.84 and a beta of 1.86. The company has a fifty day simple moving average of $38.49 and a two-hundred day simple moving average of $31.04. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09.

Insiders Place Their Bets

In related news, SVP Vineet Khurana sold 55,465 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were 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 owns 43,877 shares of the company's stock, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the company's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Corporate insiders own 1.04% of the company's stock.

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.