Cohen Capital Management Inc. Makes New $256,000 Investment in Kyndryl Holdings, Inc. (NYSE:KD)

Cohen Capital Management Inc. purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,406 shares of the company’s stock, valued at approximately $256,000.

Several other institutional investors have also recently made changes to their positions in KD. Westfield Capital Management Co. LP increased its position in Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after buying an additional 1,254,208 shares in the last quarter. Tidal Investments LLC grew its stake in Kyndryl by 45.9% in the third quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock valued at $2,350,000 after acquiring an additional 32,173 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of Kyndryl during the fourth quarter valued at approximately $255,000. National Bank of Canada FI raised its position in shares of Kyndryl by 33.7% during the third quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock worth $15,096,000 after purchasing an additional 165,481 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Kyndryl by 4.1% in 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. Institutional investors and hedge funds own 71.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KD shares. Susquehanna boosted their price target on shares of Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th. Bank of America initiated coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price for the company. Finally, Oppenheimer raised their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th.

Kyndryl Price Performance

Shares of NYSE:KD opened at $38.39 on Friday. 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 $8.93 billion, a PE ratio of 69.80, a price-to-earnings-growth ratio of 10.84 and a beta of 1.86. The stock’s fifty day simple moving average is $38.05 and its two-hundred day simple moving average is $30.22. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $43.61.

Insider Activity

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the business’s 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 transaction, the general counsel now owns 132,818 shares of the company’s stock, valued at approximately $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly 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 disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

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.