Savant Capital LLC Purchases New Position in Kyndryl Holdings, Inc. (NYSE:KD)

Savant Capital LLC purchased a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,191 shares of the company's stock, valued at approximately $595,000.

Several other institutional investors have also recently bought and sold shares of KD. UMB Bank n.a. lifted its holdings in Kyndryl by 27.1% during the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company's stock worth $66,000 after buying an additional 408 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Kyndryl by 27.5% in the fourth quarter. Fifth Third Bancorp now owns 2,299 shares of the company's stock valued at $80,000 after acquiring an additional 496 shares during the last quarter. Trust Co. of Vermont increased its position in Kyndryl by 15.2% in the third quarter. Trust Co. of Vermont now owns 3,513 shares of the company's stock worth $81,000 after purchasing an additional 464 shares during the period. Blue Trust Inc. raised its holdings in Kyndryl by 34.9% during the 3rd quarter. Blue Trust Inc. now owns 4,334 shares of the company's stock worth $100,000 after purchasing an additional 1,122 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Kyndryl by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,999 shares of the company's stock valued at $104,000 after purchasing an additional 580 shares during the period. Institutional investors own 71.53% of the company's stock.

Kyndryl Stock Down 2.2 %

Shares of Kyndryl stock traded down $0.91 during trading hours on Wednesday, reaching $40.96. 1,598,621 shares of the company's stock were exchanged, compared to its average volume of 2,411,761. The stock has a market cap of $9.53 billion, a P/E ratio of 74.48, a P/E/G ratio of 12.29 and a beta of 1.86. The company has a 50 day moving average of $37.67 and a two-hundred day moving average of $29.78. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $43.61.

Insider Activity at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of the firm's stock in a transaction dated 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 sale, the general counsel now directly owns 132,818 shares in the company, valued at approximately $5,688,594.94. This trade represents a 17.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the business'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 value of $2,374,456.65. Following the transaction, the senior vice president now directly owns 43,877 shares in the company, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KD has been the topic of several analyst reports. Oppenheimer increased their price objective 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 began coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a "buy" rating and a $40.00 target price for the company. Finally, Susquehanna lifted their price objective on Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th.

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.