Picton Mahoney Asset Management Acquires New Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Picton Mahoney Asset Management purchased a new position in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,105 shares of the company’s stock, valued at approximately $38,000.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Kyndryl by 35.9% during the 4th 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 last quarter. AlphaQuest LLC boosted its position in Kyndryl by 147.3% during the 4th quarter. AlphaQuest LLC now owns 1,877 shares of the company’s stock worth $65,000 after acquiring an additional 1,118 shares during the last quarter. UMB Bank n.a. boosted its position 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 acquiring an additional 408 shares during the last quarter. Fifth Third Bancorp boosted its holdings 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 buying an additional 496 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Kyndryl by 56.4% in the 4th quarter. IFP Advisors Inc now owns 2,457 shares of the company’s stock valued at $85,000 after buying an additional 886 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Stock Up 4.5 %

KD opened at $35.26 on Monday. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $43.61. The stock’s fifty day simple moving average is $38.39 and its 200 day simple moving average is $31.64. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. The stock has a market cap of $8.20 billion, a PE ratio of 64.10, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85.

Analyst Ratings Changes

KD has been the subject of several recent analyst reports. Susquehanna increased their price objective on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. Oppenheimer increased their price objective on Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Finally, Bank of America initiated coverage on Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price objective for the company.

Insider Activity at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction 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 transaction, the senior vice president now owns 43,877 shares in the company, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction 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 owns 132,818 shares in the company, valued at $5,688,594.94. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is owned by company insiders.

About Kyndryl

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.