Allianz Asset Management GmbH Purchases 38,291 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Allianz Asset Management GmbH boosted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 719,402 shares of the company’s stock after buying an additional 38,291 shares during the period. Allianz Asset Management GmbH owned approximately 0.31% of Kyndryl worth $24,891,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in Kyndryl by 27.1% in the fourth quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock valued at $66,000 after buying an additional 408 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Kyndryl by 27.5% in the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock valued at $80,000 after purchasing an additional 496 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Kyndryl by 34.9% during the 3rd quarter. Blue Trust Inc. now owns 4,334 shares of the company’s stock valued at $100,000 after purchasing an additional 1,122 shares during the last quarter. GAMMA Investing LLC increased its position in Kyndryl by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock worth $104,000 after purchasing an additional 580 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Kyndryl by 983.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company’s stock valued at $108,000 after purchasing an additional 2,822 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Vineet Khurana sold 55,465 shares of the firm’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 directly owns 43,877 shares in the company, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the firm’s stock in a transaction dated 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 owns 132,818 shares of the company’s stock, 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. Insiders own 1.04% of the company’s stock.

Kyndryl Stock Performance

Shares of KD stock opened at $37.12 on Tuesday. The business’s 50-day moving average price is $38.08 and its 200-day moving average price is $30.38. 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 $8.64 billion, a price-to-earnings ratio of 67.48, a PEG ratio of 10.84 and a beta of 1.86. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55.

Wall Street Analyst Weigh In

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

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.