Kyndryl Holdings, Inc. (NYSE:KD) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 16.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,680 shares of the company's stock after buying an additional 8,513 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Kyndryl were worth $2,100,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KD. AlphaQuest LLC increased its position in shares of Kyndryl by 147.3% in the 4th quarter. AlphaQuest LLC now owns 1,877 shares of the company's stock worth $65,000 after purchasing an additional 1,118 shares during the last quarter. UMB Bank n.a. increased its position in shares of Kyndryl by 27.1% in the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company's stock worth $66,000 after purchasing an additional 408 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Kyndryl by 27.5% in the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company's stock worth $80,000 after purchasing an additional 496 shares during the last quarter. IFP Advisors Inc increased its position in shares of Kyndryl by 56.4% in the 4th quarter. IFP Advisors Inc now owns 2,457 shares of the company's stock worth $85,000 after purchasing an additional 886 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Kyndryl by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 2,999 shares of the company's stock worth $104,000 after purchasing an additional 580 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company's stock.

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Kyndryl Stock Performance

Shares of NYSE:KD traded down $1.24 during trading on Thursday, reaching $34.23. 2,884,007 shares of the company's stock traded hands, compared to its average volume of 1,869,059. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The company has a 50 day moving average of $38.21 and a 200-day moving average of $31.83. The stock has a market capitalization of $7.96 billion, a P/E ratio of 62.23, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KD shares. Susquehanna boosted their target price on shares of Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. Oppenheimer boosted their target price on shares of Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Finally, Bank of America started coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a "buy" rating and a $40.00 price objective for the company.

Insider Activity at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 43,877 shares of the company's stock, valued at $1,878,374.37. The trade was a 55.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the business's stock in a transaction dated 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 transaction, the general counsel now directly owns 132,818 shares of the company's stock, valued at $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.