Vanguard Group Inc. Acquires 79,575 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Vanguard Group Inc. lifted its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,873,819 shares of the company’s stock after acquiring an additional 79,575 shares during the period. Vanguard Group Inc. owned approximately 0.12% of Kyndryl worth $964,434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its holdings in Kyndryl by 35.1% during the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock worth $138,728,000 after purchasing an additional 1,569,260 shares in the last quarter. Geode Capital Management LLC grew its holdings in Kyndryl by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock worth $88,908,000 after buying an additional 63,997 shares in the last quarter. Zimmer Partners LP raised its position in Kyndryl by 1.9% in the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock valued at $62,595,000 after buying an additional 49,738 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kyndryl by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock valued at $45,229,000 after acquiring an additional 76,670 shares in the last quarter. Finally, Cinctive Capital Management LP purchased a new position in Kyndryl during the 3rd quarter worth $20,213,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Trading Down 3.0 %

Shares of Kyndryl stock opened at $31.36 on Friday. The company’s 50-day moving average price is $37.67 and its 200-day moving average price is $32.29. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 57.01, a PEG ratio of 10.84 and a beta of 1.85. Kyndryl Holdings, Inc. has a 12-month low of $19.24 and a 12-month high of $43.61. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55.

Insiders Place Their Bets

In other news, SVP Vineet Khurana sold 55,465 shares of the business’s 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 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 sale 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 the firm’s stock in a transaction that occurred on 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 $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. Corporate insiders own 1.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.