9,403 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC acquired a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,403 shares of the company’s stock, valued at approximately $325,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Kyndryl by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company’s stock worth $964,434,000 after acquiring an additional 79,575 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kyndryl by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock valued at $88,908,000 after purchasing an additional 63,997 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Kyndryl by 123.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company’s stock worth $127,434,000 after purchasing an additional 2,033,549 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Kyndryl by 5.6% in the 4th quarter. Allianz Asset Management GmbH now owns 719,402 shares of the company’s stock worth $24,891,000 after buying an additional 38,291 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Kyndryl by 17.9% during the fourth quarter. JPMorgan Chase & Co. now owns 533,265 shares of the company’s stock valued at $18,451,000 after buying an additional 81,148 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Susquehanna raised their price target on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. Oppenheimer raised their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th.

Insider Buying and Selling

In related news, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $42.81, for a total value of $2,374,456.65. Following the sale, the senior vice president now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the business’s stock in a transaction 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 sale, the general counsel now owns 132,818 shares of the company’s stock, valued at approximately $5,688,594.94. This 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 owned by corporate insiders.

Kyndryl Stock Up 1.1 %

KD stock opened at $29.42 on Friday. The stock has a market capitalization of $6.85 billion, a P/E ratio of 53.49, a P/E/G ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $43.61. The business has a fifty day moving average price of $35.63 and a 200-day moving average price of $32.86.

Kyndryl Company 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.