1,021 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Acquired by Millstone Evans Group LLC

Millstone Evans Group LLC bought a new stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,021 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Kyndryl by 35.1% during 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 in the last quarter. Geode Capital Management LLC raised its stake in Kyndryl by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock worth $88,908,000 after acquiring an additional 63,997 shares during the period. Zimmer Partners LP lifted its holdings in Kyndryl by 1.9% during the third quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock valued at $62,595,000 after purchasing an additional 49,738 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 period. Finally, Cinctive Capital Management LP purchased a new stake in shares of Kyndryl in the third quarter worth $20,213,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 43,877 shares of the company’s stock, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 transaction of $1,177,825.00. Following the completion of 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. Company insiders own 1.04% of the company’s stock.

Kyndryl Stock Performance

KD opened at $35.38 on Tuesday. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 64.32, a PEG ratio of 10.84 and a beta of 1.85. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $43.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The company has a fifty day moving average of $38.07 and a 200 day moving average of $32.13.

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.