Kyndryl Holdings, Inc. (NYSE:KD) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,053,418 shares of the company's stock after buying an additional 86,194 shares during the period. Russell Investments Group Ltd. owned approximately 0.45% of Kyndryl worth $36,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KD. Tidal Investments LLC lifted its stake in Kyndryl by 45.9% in the third quarter. Tidal Investments LLC now owns 102,270 shares of the company's stock worth $2,350,000 after purchasing an additional 32,173 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Kyndryl during the fourth quarter valued at approximately $255,000. National Bank of Canada FI boosted its holdings in shares of Kyndryl by 33.7% during the 3rd quarter. National Bank of Canada FI now owns 656,901 shares of the company's stock valued at $15,096,000 after buying an additional 165,481 shares in the last quarter. Dakota Wealth Management bought a new stake in Kyndryl during the fourth quarter worth about $1,221,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Kyndryl in the 4th quarter worth approximately $2,775,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Insider Transactions at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the firm's stock in a transaction that occurred on 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 transaction, the senior vice president now owns 43,877 shares in the company, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Edward Sebold sold 27,500 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the completion of the sale, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. This represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company's stock.

Kyndryl Stock Performance

Shares of KD stock traded up $0.33 during trading hours on Friday, reaching $29.42. 1,373,761 shares of the company traded hands, compared to its average volume of 2,050,078. 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 $6.85 billion, a P/E ratio of 53.49, a P/E/G ratio of 10.84 and a beta of 1.91. The firm has a 50-day moving average price of $35.63 and a 200 day moving average price of $32.93. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09.

Analyst Ratings Changes

Several analysts recently commented on KD shares. Susquehanna increased their price objective on shares of Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a research report on Wednesday, February 5th. Oppenheimer lifted their price objective on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th.

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.