Orion Portfolio Solutions LLC Invests $217,000 in Kyndryl Holdings, Inc. (NYSE:KD)

Orion Portfolio Solutions LLC purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 6,261 shares of the company’s stock, valued at approximately $217,000.

Other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors lifted its position in shares of Kyndryl by 8.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,123 shares of the company’s stock valued at $325,000 after acquiring an additional 1,092 shares during the period. HighTower Advisors LLC raised its stake in Kyndryl by 4.5% in the third quarter. HighTower Advisors LLC now owns 29,677 shares of the company’s stock valued at $666,000 after purchasing an additional 1,268 shares in the last quarter. Stifel Financial Corp raised its stake in Kyndryl by 126.3% in the third quarter. Stifel Financial Corp now owns 91,598 shares of the company’s stock valued at $2,105,000 after purchasing an additional 51,117 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Kyndryl during the third quarter worth about $220,000. Finally, Public Employees Retirement System of Ohio grew its stake in Kyndryl by 2.6% during the third quarter. Public Employees Retirement System of Ohio now owns 91,839 shares of the company’s stock worth $2,110,000 after buying an additional 2,347 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Stock Performance

Kyndryl stock opened at $29.13 on Friday. The stock has a market cap of $6.78 billion, a PE ratio of 52.97, a P/E/G ratio of 10.84 and a beta of 1.91. 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 business’s 50-day moving average price is $35.84 and its two-hundred day moving average price is $32.81.

Insider Activity at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 43,877 shares in the company, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Edward Sebold sold 27,500 shares of the business’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 sale, the general counsel now owns 132,818 shares in the company, valued at approximately $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.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Susquehanna upped their target price on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research note 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.