Fox Run Management L.L.C. Takes Position in Kyndryl Holdings, Inc. (NYSE:KD)

Fox Run Management L.L.C. bought a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,863 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Kyndryl by 35.9% during 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. Wealth Enhancement Advisory Services LLC raised its position in shares of Kyndryl by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock worth $1,037,000 after purchasing an additional 312 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Kyndryl by 0.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,298 shares of the company’s stock valued at $1,775,000 after buying an additional 332 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Kyndryl by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company’s stock worth $2,232,000 after buying an additional 400 shares during the last quarter. Finally, UMB Bank n.a. increased its stake 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 buying an additional 408 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KD. Susquehanna lifted their price target on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th. Oppenheimer lifted their target price on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th.

Kyndryl Price Performance

KD stock opened at $31.36 on Friday. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $7.30 billion, a PE ratio of 57.01, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85. The business has a 50 day simple moving average of $37.67 and a 200-day simple moving average of $32.29.

Insider Buying and Selling at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the general counsel now directly owns 132,818 shares in the company, valued at approximately $5,688,594.94. This represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was 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 $1,878,374.37. The trade was 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.

Kyndryl Company 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.