SBI Securities Co. Ltd. Acquires New Position in Kyndryl Holdings, Inc. (NYSE:KD)

SBI Securities Co. Ltd. acquired a new stake in Kyndryl Holdings, Inc. (NYSE:KD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,945 shares of the company’s stock, valued at approximately $379,000.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of Kyndryl by 27.1% during the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock worth $66,000 after buying an additional 408 shares during the last quarter. Fifth Third Bancorp raised its position in Kyndryl by 27.5% during the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock worth $80,000 after buying an additional 496 shares during the last quarter. IFP Advisors Inc raised its position in Kyndryl by 56.4% during the 4th quarter. IFP Advisors Inc now owns 2,457 shares of the company’s stock worth $85,000 after buying an additional 886 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Kyndryl by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock worth $104,000 after purchasing an additional 580 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Kyndryl by 983.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company’s stock worth $108,000 after purchasing an additional 2,822 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analysts Set New Price Targets

KD has been the topic of a number of research reports. Oppenheimer increased their price objective 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. Bank of America initiated coverage on shares of Kyndryl in a research note on Friday, November 22nd. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Susquehanna increased their price objective on shares of Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research note on Wednesday, February 5th.

Insiders Place Their Bets

In other news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the transaction, the general counsel now directly owns 132,818 shares in the company, valued at $5,688,594.94. This represents a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the transaction, the senior vice president now owns 43,877 shares in the company, valued at approximately $1,878,374.37. The trade was a 55.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is owned by corporate insiders.

Kyndryl Price Performance

Kyndryl stock opened at $37.24 on Wednesday. Kyndryl Holdings, Inc. has a 12-month low of $19.24 and a 12-month high of $43.61. The stock has a market capitalization of $8.67 billion, a P/E ratio of 67.71, a P/E/G ratio of 10.84 and a beta of 1.86. The firm’s 50-day moving average is $38.40 and its two-hundred day moving average is $30.90. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09.

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.