Geode Capital Management LLC Increases Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Geode Capital Management LLC boosted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,874,203 shares of the company’s stock after purchasing an additional 6,330 shares during the quarter. Geode Capital Management LLC’s holdings in Kyndryl were worth $134,091,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Kyndryl by 35.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $39,000 after purchasing an additional 297 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Kyndryl by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock worth $1,037,000 after buying an additional 312 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position 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 acquiring an additional 332 shares during the period. Brown Brothers Harriman & Co. raised its stake in Kyndryl by 19.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,259 shares of the company’s stock valued at $78,000 after acquiring an additional 370 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Kyndryl by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company’s stock worth $2,232,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Insider Buying and Selling at Kyndryl

In other Kyndryl 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 value of $1,177,825.00. Following the completion of the transaction, the general counsel now directly owns 132,818 shares of the company’s stock, valued at approximately $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction that occurred on Thursday, February 6th. The shares were 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. 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 corporate insiders.

Analyst Ratings Changes

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

Kyndryl Stock Down 1.9 %

KD opened at $28.19 on Tuesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The stock has a market capitalization of $6.56 billion, a P/E ratio of 51.26, a P/E/G ratio of 10.84 and a beta of 1.91. The business has a 50 day simple moving average of $36.71 and a 200-day simple moving average of $32.74.

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.