TD Private Client Wealth LLC Purchases 2,708 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

TD Private Client Wealth LLC raised its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 33,850.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,716 shares of the company’s stock after acquiring an additional 2,708 shares during the quarter. TD Private Client Wealth LLC’s holdings in Kyndryl were worth $94,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KD. Tidal Investments LLC increased its position in Kyndryl by 45.9% during the 3rd 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 period. Fifth Third Wealth Advisors LLC acquired a new position in Kyndryl during the fourth quarter worth $255,000. National Bank of Canada FI raised its holdings in shares of Kyndryl by 33.7% in the 3rd quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock worth $15,096,000 after acquiring an additional 165,481 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kyndryl by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock worth $45,229,000 after purchasing an additional 76,670 shares during the last quarter. Finally, FMR LLC raised its position in Kyndryl by 35.1% in the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after buying an additional 1,569,260 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Kyndryl Stock Performance

NYSE:KD opened at $34.94 on Wednesday. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day simple moving average of $38.02 and a two-hundred day simple moving average of $32.22. The company has a market capitalization of $8.13 billion, a P/E ratio of 63.53, a P/E/G ratio of 10.84 and a beta of 1.85.

Analyst Upgrades and Downgrades

KD has been the topic of several recent analyst reports. Oppenheimer lifted their target price on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Susquehanna boosted their price target on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th.

Insider Activity at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $42.83, for a total value 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 approximately $5,688,594.94. This trade represents a 17.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the business’s 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 sale, the senior vice president now directly owns 43,877 shares in the company, valued at $1,878,374.37. The trade was a 55.83 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

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.