Financial Counselors Inc. Acquires New Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Financial Counselors Inc. bought a new position in Kyndryl Holdings, Inc. (NYSE:KD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,351 shares of the company’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KD. TIAA Trust National Association bought a new stake in shares of Kyndryl in the 4th quarter valued at $231,000. Prudential Financial Inc. grew its stake in Kyndryl by 77.8% in the fourth quarter. Prudential Financial Inc. now owns 515,413 shares of the company’s stock valued at $17,833,000 after acquiring an additional 225,463 shares during the period. Vanguard Group Inc. increased its holdings in shares of Kyndryl by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company’s stock worth $964,434,000 after acquiring an additional 79,575 shares in the last quarter. LPL Financial LLC raised its position in shares of Kyndryl by 22.4% during the fourth quarter. LPL Financial LLC now owns 99,506 shares of the company’s stock worth $3,443,000 after purchasing an additional 18,198 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in shares of Kyndryl during the 4th quarter valued at about $203,000. 71.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Oppenheimer increased their target price on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Susquehanna increased their price objective 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 Trading Down 3.0 %

NYSE KD opened at $31.36 on Friday. 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. The stock’s 50 day moving average price is $37.67 and its two-hundred day moving average price is $32.29. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 57.01, a PEG ratio of 10.84 and a beta of 1.85.

Insider Transactions at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $2,374,456.65. Following the completion of the transaction, the senior vice president now 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 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.