Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Kyndryl Holdings, Inc. (NYSE:KD)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kyndryl Holdings, Inc. (NYSE:KD) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,680 shares of the company’s stock after buying an additional 8,513 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kyndryl were worth $2,100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westfield Capital Management Co. LP increased its holdings in Kyndryl by 62.6% in the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after buying an additional 1,254,208 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Kyndryl by 45.9% during the third quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock valued at $2,350,000 after purchasing an additional 32,173 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of Kyndryl during the fourth quarter valued at approximately $255,000. National Bank of Canada FI grew its holdings in shares of Kyndryl by 33.7% during the third quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock valued at $15,096,000 after purchasing an additional 165,481 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Kyndryl by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock valued at $45,229,000 after purchasing an additional 76,670 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Bank of America assumed coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price for the company. Oppenheimer upped 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. Finally, Susquehanna upped their target price on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th.

Insiders Place Their Bets

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the company’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 value of $2,374,456.65. Following the completion of the sale, the senior vice president now directly owns 43,877 shares in the company, valued at $1,878,374.37. This represents a 55.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the company’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 sale, 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. 1.04% of the stock is currently owned by insiders.

Kyndryl Stock Performance

Shares of NYSE KD opened at $35.26 on Monday. 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 50 day simple moving average of $38.39 and a 200-day simple moving average of $31.64. The company has a market cap of $8.20 billion, a PE ratio of 64.10, a P/E/G ratio of 10.84 and a beta of 1.85. Kyndryl Holdings, Inc. has a 12-month low of $19.24 and a 12-month high of $43.61.

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.