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

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

A number of other large investors have also recently made changes to their positions in KD. Empowered Funds LLC bought a new position in shares of Kyndryl during the 4th quarter valued at $236,000. Wilmington Savings Fund Society FSB lifted its holdings in Kyndryl by 43.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 10,650 shares of the company’s stock valued at $368,000 after acquiring an additional 3,200 shares during the period. Lecap Asset Management Ltd. purchased a new position in Kyndryl in the fourth quarter worth about $1,360,000. Retirement Systems of Alabama grew its stake in shares of Kyndryl by 0.6% during the 4th quarter. Retirement Systems of Alabama now owns 282,421 shares of the company’s stock valued at $9,772,000 after purchasing an additional 1,560 shares during the period. Finally, Greenleaf Trust purchased a new stake in shares of Kyndryl during the 4th quarter valued at about $296,000. 71.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KD has been the topic of a number of research reports. Susquehanna raised their price objective on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Bank of America started coverage on shares of Kyndryl in a research note on Friday, November 22nd. They set a “buy” rating and a $40.00 price target on the stock. Finally, Oppenheimer upped their price objective on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th.

Kyndryl Trading Up 2.8 %

Kyndryl stock opened at $41.13 on Thursday. Kyndryl Holdings, Inc. has a 12-month low of $19.24 and a 12-month high of $43.61. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 74.78, a P/E/G ratio of 12.64 and a beta of 1.86. The firm has a 50 day moving average of $37.24 and a 200 day moving average of $29.43. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65.

Insiders Place Their Bets

In related news, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction that occurred on 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 sale, the senior vice president now owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Edward Sebold sold 27,500 shares of the business’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 completion of 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 disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

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.