Xponance Inc. Has $921,000 Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Xponance Inc. lifted its position in Kyndryl Holdings, Inc. (NYSE:KD) by 6.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 26,612 shares of the company’s stock after purchasing an additional 1,692 shares during the period. Xponance Inc.’s holdings in Kyndryl were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. FMR LLC lifted its position in Kyndryl by 35.1% during the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock worth $138,728,000 after acquiring an additional 1,569,260 shares during the last quarter. Cinctive Capital Management LP bought a new position in shares of Kyndryl in the third quarter worth about $20,213,000. Mediolanum International Funds Ltd acquired a new position in shares of Kyndryl during the 4th quarter worth about $16,856,000. Raymond James Financial Inc. bought a new stake in Kyndryl during the 4th quarter valued at approximately $11,359,000. Finally, Wexford Capital LP bought a new stake in Kyndryl during the 3rd quarter valued at approximately $6,371,000. 71.53% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Vineet Khurana sold 55,465 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,878,374.37. The trade was a 55.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the 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 transaction, the general counsel now directly owns 132,818 shares of the company’s stock, valued at $5,688,594.94. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KD has been the subject of a number of research analyst reports. Susquehanna upped their price target on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Oppenheimer upped their target price 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.

Kyndryl Trading Up 2.3 %

Kyndryl stock opened at $35.38 on Tuesday. The business has a 50 day moving average price of $38.07 and a two-hundred day moving average price of $32.13. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 64.32, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85.

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.