Kyndryl Holdings, Inc. (NYSE:KD) Shares Purchased by Xponance Inc.

Xponance Inc. grew its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 26,612 shares of the company’s stock after purchasing an additional 1,692 shares during the quarter. Xponance Inc.’s holdings in Kyndryl were worth $921,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in Kyndryl by 35.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $39,000 after acquiring an additional 297 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in 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 in the last quarter. Louisiana State Employees Retirement System grew its position in Kyndryl by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company’s stock worth $2,232,000 after buying an additional 400 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Kyndryl by 27.1% during the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock valued at $66,000 after acquiring an additional 408 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Kyndryl by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 47,226 shares of the company’s stock worth $1,634,000 after acquiring an additional 428 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analysts Set New Price Targets

KD has been the topic of several recent analyst reports. Susquehanna boosted their price objective on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Oppenheimer raised 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.

Insider Buying and Selling

In related news, 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 transaction, the general counsel now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the completion of the sale, the senior vice president now directly owns 43,877 shares of the company’s stock, valued at $1,878,374.37. This represents 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.

Kyndryl Trading Up 2.3 %

Shares of NYSE:KD opened at $35.38 on Tuesday. The firm has a fifty day moving average of $38.07 and a two-hundred day moving average of $32.13. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. 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 $8.23 billion, a P/E ratio of 64.32, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85.

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.