Stephens Inc. AR Makes New $1.10 Million Investment in Kyndryl Holdings, Inc. (NYSE:KD)

Stephens Inc. AR acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 31,701 shares of the company’s stock, valued at approximately $1,097,000.

A number of other hedge funds also recently made changes to their positions in the stock. Westfield Capital Management Co. LP lifted its holdings in shares of Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after acquiring an additional 1,254,208 shares during the last quarter. Tidal Investments LLC increased its stake in Kyndryl by 45.9% in the 3rd quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock worth $2,350,000 after purchasing an additional 32,173 shares during the period. Fifth Third Wealth Advisors LLC purchased a new position in Kyndryl in the 4th quarter worth approximately $255,000. National Bank of Canada FI boosted its stake 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 valued at $15,096,000 after purchasing an additional 165,481 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Kyndryl by 4.1% in the third 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 during the last quarter. 71.53% of the stock is owned by institutional investors.

Kyndryl Price Performance

KD stock opened at $41.13 on Thursday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 74.78, a PEG ratio of 12.64 and a beta of 1.86. The firm has a 50 day moving average price of $37.24 and a 200-day moving average price of $29.43. Kyndryl Holdings, Inc. has a 52-week low of $19.24 and a 52-week high of $43.61.

Insider Buying and Selling at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of the 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 sale, the general counsel now directly owns 132,818 shares of the company’s stock, valued at approximately $5,688,594.94. This represents a 17.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the completion of the transaction, the senior vice president now directly owns 43,877 shares of the company’s stock, valued at $1,878,374.37. This trade 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 owned by company insiders.

Analyst Upgrades and Downgrades

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

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.