Fox Run Management L.L.C. Invests $203,000 in Kyndryl Holdings, Inc. (NYSE:KD)

Fox Run Management L.L.C. purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,863 shares of the company’s stock, valued at approximately $203,000.

Several other large investors have also modified their holdings of KD. Millstone Evans Group LLC bought a new position in Kyndryl in the fourth quarter worth approximately $35,000. Picton Mahoney Asset Management purchased a new position in shares of Kyndryl in the 4th quarter valued at $38,000. EverSource Wealth Advisors LLC raised its position in shares of Kyndryl by 35.9% in the 4th 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 raised its position in shares of Kyndryl by 41.2% in the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company’s stock valued at $52,000 after purchasing an additional 442 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Kyndryl in the 4th quarter worth approximately $60,000. Institutional investors own 71.53% of the company’s stock.

Insider Buying and Selling at Kyndryl

In other news, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now 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 Securities & Exchange Commission, which is available through this link. 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 transaction, the general counsel now directly owns 132,818 shares of the company’s stock, valued at approximately $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 Trading Down 3.0 %

Shares of Kyndryl stock opened at $31.36 on Friday. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. 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 market cap of $7.30 billion, a PE ratio of 57.01, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85. The firm has a fifty day moving average price of $37.67 and a 200 day moving average price of $32.29.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Susquehanna raised their price target on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Oppenheimer lifted their price target on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th.

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.