Kyndryl Holdings, Inc. (NYSE:KD) Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,226 shares of the company’s stock after acquiring an additional 428 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Kyndryl were worth $1,634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in Kyndryl by 27.1% during the fourth quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock worth $66,000 after acquiring an additional 408 shares during the period. Fifth Third Bancorp grew its holdings in Kyndryl by 27.5% in the fourth quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock valued at $80,000 after purchasing an additional 496 shares during the last quarter. IFP Advisors Inc grew its holdings in Kyndryl by 56.4% in the fourth quarter. IFP Advisors Inc now owns 2,457 shares of the company’s stock valued at $85,000 after purchasing an additional 886 shares during the last quarter. GAMMA Investing LLC grew its holdings in Kyndryl by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock valued at $104,000 after purchasing an additional 580 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Kyndryl by 983.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company’s stock valued at $108,000 after purchasing an additional 2,822 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Insider Activity at Kyndryl

In related news, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction 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 sale, the senior vice president now owns 43,877 shares of the company’s stock, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $42.83, for a total value of $1,177,825.00. Following the sale, the general counsel now directly owns 132,818 shares in the company, valued at approximately $5,688,594.94. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Analysts Set New Price Targets

KD has been the topic of several research reports. Bank of America initiated coverage on Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 target price on the stock. 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. Finally, 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.

Kyndryl Stock Up 0.9 %

KD opened at $38.07 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The firm has a market cap of $8.86 billion, a P/E ratio of 69.22, a PEG ratio of 10.84 and a beta of 1.86. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The business’s fifty day simple moving average is $38.27 and its 200 day simple moving average is $30.59.

About Kyndryl

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.