Handelsbanken Fonder AB Increases Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Handelsbanken Fonder AB increased its stake in Kyndryl Holdings, Inc. (NYSE:KDFree Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,500 shares of the company’s stock after buying an additional 2,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Kyndryl were worth $2,059,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KD. Creative Planning boosted its position in Kyndryl by 3.3% in the 3rd quarter. Creative Planning now owns 42,999 shares of the company’s stock valued at $988,000 after buying an additional 1,384 shares during the period. Blue Trust Inc. lifted its position in Kyndryl by 34.9% during the third quarter. Blue Trust Inc. now owns 4,334 shares of the company’s stock valued at $100,000 after acquiring an additional 1,122 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Kyndryl by 2,035.3% in the third quarter. International Assets Investment Management LLC now owns 40,100 shares of the company’s stock valued at $921,000 after acquiring an additional 38,222 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Kyndryl by 19.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 29,660 shares of the company’s stock worth $682,000 after purchasing an additional 4,750 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Kyndryl by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 26,787 shares of the company’s stock worth $615,000 after purchasing an additional 1,820 shares in the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KD has been the topic of several research analyst reports. Susquehanna boosted 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. Bank of America began coverage on shares of Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Oppenheimer increased 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.

Read Our Latest Stock Analysis on KD

Kyndryl Stock Down 0.3 %

Shares of KD opened at $37.04 on Wednesday. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 67.35, a PEG ratio of 10.84 and a beta of 1.86. The stock’s 50-day moving average price is $38.11 and its 200-day moving average price is $30.49. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55.

Insider Transactions at Kyndryl

In other news, 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 transaction of $1,177,825.00. Following the completion of the transaction, the general counsel now directly owns 132,818 shares of the company’s stock, valued at $5,688,594.94. This represents a 17.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction on Thursday, February 6th. The shares were 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 directly owns 43,877 shares in the company, valued at approximately $1,878,374.37. The trade was a 55.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Kyndryl Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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