New York State Common Retirement Fund Has $18.43 Million Position in Kyndryl Holdings, Inc. (NYSE:KD)

New York State Common Retirement Fund increased its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 532,560 shares of the company’s stock after purchasing an additional 2,999 shares during the quarter. New York State Common Retirement Fund owned approximately 0.23% of Kyndryl worth $18,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of Kyndryl by 3.3% in the third quarter. Creative Planning now owns 42,999 shares of the company’s stock worth $988,000 after buying an additional 1,384 shares during the last quarter. Blue Trust Inc. lifted its position in Kyndryl by 34.9% during the 3rd quarter. Blue Trust Inc. now owns 4,334 shares of the company’s stock worth $100,000 after acquiring an additional 1,122 shares during the last quarter. International Assets Investment Management LLC lifted its position in Kyndryl by 2,035.3% during the 3rd quarter. International Assets Investment Management LLC now owns 40,100 shares of the company’s stock worth $921,000 after acquiring an additional 38,222 shares during the last quarter. Highland Capital Management LLC acquired a new position in shares of Kyndryl during the 3rd quarter worth about $203,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Kyndryl by 19.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 29,660 shares of the company’s stock worth $682,000 after purchasing an additional 4,750 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Bank of America assumed coverage on Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective for the company. Oppenheimer upped their price target on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Finally, Susquehanna increased their price target on shares of Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th.

Kyndryl Price Performance

Shares of NYSE:KD opened at $38.39 on Friday. The firm has a market capitalization of $8.93 billion, a PE ratio of 69.80, a PEG ratio of 10.84 and a beta of 1.86. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $43.61. The business’s 50 day moving average is $38.05 and its 200-day moving average is $30.22.

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.