379,570 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 379,570 shares of the company’s stock, valued at approximately $13,133,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC lifted its stake in Kyndryl by 45.9% in the third quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock worth $2,350,000 after acquiring an additional 32,173 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Kyndryl during the fourth quarter worth $255,000. National Bank of Canada FI grew its stake in shares of Kyndryl by 33.7% during the third quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock worth $15,096,000 after purchasing an additional 165,481 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Kyndryl by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock valued at $45,229,000 after buying an additional 76,670 shares in the last quarter. Finally, FMR LLC lifted its holdings 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 buying an additional 1,569,260 shares during the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Stock Down 3.0 %

Shares of NYSE KD opened at $31.36 on Friday. The business has a 50-day moving average price of $37.67 and a 200 day moving average price of $32.29. The stock has a market cap of $7.30 billion, a PE ratio of 57.01, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85. 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 52-week low of $19.24 and a 52-week high of $43.61.

Insider Activity

In other 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 completion of the sale, the senior vice president now directly owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. This represents a 55.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the firm’s 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 transaction, the general counsel now directly owns 132,818 shares in the company, valued at approximately $5,688,594.94. This represents 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 a number of recent analyst reports. Oppenheimer increased their price objective on Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Susquehanna boosted their price objective on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th.

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.