Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 332 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Kyndryl Holdings, Inc. (NYSE:KD) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 51,298 shares of the company’s stock after acquiring an additional 332 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Kyndryl were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in KD. Picton Mahoney Asset Management bought a new position in Kyndryl in the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Kyndryl by 35.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $39,000 after acquiring an additional 297 shares during the period. Sandy Spring Bank grew its position in shares of Kyndryl by 41.2% in the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company’s stock valued at $52,000 after purchasing an additional 442 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Kyndryl by 147.3% during the 4th quarter. AlphaQuest LLC now owns 1,877 shares of the company’s stock valued at $65,000 after purchasing an additional 1,118 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Kyndryl by 27.1% during the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock worth $66,000 after purchasing an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

NYSE:KD opened at $34.94 on Wednesday. Kyndryl Holdings, Inc. has a twelve month low of $19.24 and a twelve month 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 stock has a market cap of $8.13 billion, a P/E ratio of 63.53, a PEG ratio of 10.84 and a beta of 1.85. The business’s 50-day moving average price is $38.02 and its two-hundred day moving average price is $32.22.

Insider Buying and Selling at Kyndryl

In other Kyndryl news, 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 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $1,177,825.00. Following the transaction, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. This trade 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 company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KD. Susquehanna upped their price target on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research report on Wednesday, February 5th. Oppenheimer upped their target price on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th.

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.