Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.78 Million Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,298 shares of the company’s stock after buying an additional 332 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Kyndryl were worth $1,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of KD. Picton Mahoney Asset Management acquired a new stake in shares of Kyndryl in the 4th quarter valued at about $38,000. EverSource Wealth Advisors LLC boosted its holdings in Kyndryl by 35.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $39,000 after acquiring an additional 297 shares in the last quarter. Sandy Spring Bank grew its stake in Kyndryl by 41.2% in the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company’s stock valued at $52,000 after acquiring an additional 442 shares during the period. AlphaQuest LLC increased its holdings in shares of Kyndryl by 147.3% during the fourth quarter. AlphaQuest LLC now owns 1,877 shares of the company’s stock valued at $65,000 after acquiring an additional 1,118 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Kyndryl by 27.1% during the fourth 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 period. 71.53% of the stock is currently owned by institutional investors.

Insider Activity at Kyndryl

In other news, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 43,877 shares of the company’s stock, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total value of $1,177,825.00. Following the sale, the general counsel now owns 132,818 shares in the company, 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. 1.04% of the stock is owned by insiders.

Kyndryl Price Performance

Shares of NYSE:KD opened at $34.94 on Wednesday. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $43.61. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. The stock has a market cap of $8.13 billion, a PE ratio of 63.53, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85. The stock’s fifty day simple moving average is $38.02 and its two-hundred day simple moving average is $32.22.

Analyst Ratings Changes

A number of analysts have commented on KD shares. Oppenheimer boosted their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. 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.

Kyndryl Company 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.