Vanguard Group Inc. Purchases 79,575 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Vanguard Group Inc. increased its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,873,819 shares of the company's stock after purchasing an additional 79,575 shares during the period. Vanguard Group Inc. owned approximately 12.00% of Kyndryl worth $964,434,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted 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 buying an additional 1,569,260 shares in the last quarter. Geode Capital Management LLC raised its stake in Kyndryl by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company's stock worth $88,908,000 after purchasing an additional 63,997 shares in the last quarter. Zimmer Partners LP boosted its holdings in Kyndryl by 1.9% in the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company's stock valued at $62,595,000 after purchasing an additional 49,738 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Kyndryl by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company's stock worth $45,229,000 after purchasing an additional 76,670 shares in the last quarter. Finally, Cinctive Capital Management LP bought a new position in shares of Kyndryl during the third quarter worth approximately $20,213,000. 71.53% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

KD has been the subject of several recent research reports. Susquehanna boosted 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. Oppenheimer increased their target price on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th.

Kyndryl Price Performance

NYSE:KD traded up $0.07 during mid-day trading on Monday, reaching $31.39. The stock had a trading volume of 2,383,710 shares, compared to its average volume of 2,000,946. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The stock has a market capitalization of $7.31 billion, a PE ratio of 57.08, a P/E/G ratio of 10.84 and a beta of 1.85. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a 50-day simple moving average of $37.67 and a two-hundred day simple moving average of $32.42.

Insider Buying and Selling at Kyndryl

In other news, SVP Vineet Khurana sold 55,465 shares of the 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 transaction, the senior vice president now owns 43,877 shares of the company's stock, valued at approximately $1,878,374.37. This represents a 55.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of Kyndryl 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 trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.