Westover Capital Advisors LLC Purchases 1,235 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Westover Capital Advisors LLC boosted its position in Kyndryl Holdings, Inc. (NYSE:KD) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,783 shares of the company’s stock after purchasing an additional 1,235 shares during the period. Westover Capital Advisors LLC’s holdings in Kyndryl were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Kyndryl by 27.1% in the fourth quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock worth $66,000 after purchasing an additional 408 shares during the last quarter. Fifth Third Bancorp lifted its stake in Kyndryl by 27.5% in the fourth quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock worth $80,000 after purchasing an additional 496 shares during the last quarter. IFP Advisors Inc lifted its stake in Kyndryl by 56.4% in the fourth quarter. IFP Advisors Inc now owns 2,457 shares of the company’s stock worth $85,000 after purchasing an additional 886 shares during the last quarter. GAMMA Investing LLC lifted its stake in Kyndryl by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock worth $104,000 after purchasing an additional 580 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Kyndryl by 983.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company’s stock worth $108,000 after purchasing an additional 2,822 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

Shares of NYSE:KD opened at $37.43 on Tuesday. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 68.05, a price-to-earnings-growth ratio of 10.84 and a beta of 1.86. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The firm has a 50 day moving average of $38.34 and a 200 day moving average of $30.81.

Insider Buying and Selling

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of Kyndryl 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 transaction, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. 1.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

KD has been the subject of several research analyst reports. Oppenheimer lifted their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Bank of America initiated coverage on shares of Kyndryl in a research note on Friday, November 22nd. They set a “buy” rating and a $40.00 price target for the company. Finally, Susquehanna lifted 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.

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.