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

Vanguard Group Inc. lifted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 0.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,873,819 shares of the company’s stock after buying an additional 79,575 shares during the period. Vanguard Group Inc. owned about 12.00% of Kyndryl worth $964,434,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Millstone Evans Group LLC acquired a new position in Kyndryl during the fourth quarter worth about $35,000. Picton Mahoney Asset Management acquired a new position in Kyndryl during the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its position in Kyndryl by 35.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $39,000 after purchasing an additional 297 shares in the last quarter. Sandy Spring Bank lifted its stake in 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 fourth quarter valued at approximately $60,000. 71.53% of the stock is currently owned by institutional investors.

Kyndryl Trading Down 3.0 %

Shares of NYSE KD opened at $31.36 on Friday. The firm has a 50 day moving average price of $37.67 and a two-hundred day moving average price of $32.29. The stock has a market cap of $7.30 billion, a P/E ratio of 57.01, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85. Kyndryl Holdings, Inc. has a 52-week low of $19.24 and a 52-week high of $43.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Buying and Selling

In related news, General Counsel Edward Sebold sold 27,500 shares of the company’s stock in a transaction that occurred 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 directly owns 132,818 shares in the company, valued at $5,688,594.94. This represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of Kyndryl 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 completion of the sale, the senior vice president now owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. The trade was a 55.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Susquehanna increased 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 upped 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.

About Kyndryl

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.