Westover Capital Advisors LLC Buys 1,235 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Westover Capital Advisors LLC increased its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,783 shares of the company’s stock after purchasing an additional 1,235 shares during the quarter. Westover Capital Advisors LLC’s holdings in Kyndryl were worth $2,138,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its holdings in Kyndryl by 35.1% in the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock worth $138,728,000 after purchasing an additional 1,569,260 shares during the period. Geode Capital Management LLC increased its stake in Kyndryl by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock worth $88,908,000 after buying an additional 63,997 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after buying an additional 1,254,208 shares in the last quarter. Zimmer Partners LP increased its stake in Kyndryl by 1.9% in the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock worth $62,595,000 after buying an additional 49,738 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Kyndryl by 9.6% in the 3rd quarter. Royce & Associates LP now owns 2,643,328 shares of the company’s stock worth $60,744,000 after buying an additional 232,583 shares in the last quarter. 71.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KD shares. Oppenheimer increased their price target on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Susquehanna increased their price target on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th. Finally, Bank of America started coverage on Kyndryl in a research note on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target for the company.

Insider Activity

In related news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction dated Thursday, February 6th. The stock was 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction dated Thursday, February 6th. The stock was 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 owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. This represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

Kyndryl Trading Down 1.7 %

Shares of Kyndryl stock opened at $37.43 on Tuesday. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 68.05, a PEG ratio of 10.84 and a beta of 1.86. The business has a 50-day moving average price of $38.34 and a 200-day moving average price of $30.81. 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 twelve month low of $19.24 and a twelve month high of $43.61.

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.