Invesco Ltd. Boosts Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Invesco Ltd. lifted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 39.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,346,142 shares of the company’s stock after purchasing an additional 669,097 shares during the period. Invesco Ltd. owned about 1.01% of Kyndryl worth $81,177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Millstone Evans Group LLC acquired a new stake in Kyndryl in the fourth quarter valued at approximately $35,000. Picton Mahoney Asset Management purchased a new stake in Kyndryl in the 4th quarter worth $38,000. EverSource Wealth Advisors LLC raised its position in Kyndryl by 35.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $39,000 after acquiring an additional 297 shares during the period. Sandy Spring Bank lifted its holdings in Kyndryl by 41.2% during the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company’s stock valued at $52,000 after purchasing an additional 442 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Kyndryl in the fourth quarter valued at about $60,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, 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 transaction of $1,177,825.00. Following the completion of the sale, the general counsel now directly owns 132,818 shares of the company’s stock, valued at approximately $5,688,594.94. This trade represents a 17.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $2,374,456.65. Following the completion of the transaction, the senior vice president now directly owns 43,877 shares in the company, valued at $1,878,374.37. The trade was a 55.83 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

Kyndryl Stock Up 1.1 %

NYSE KD opened at $29.42 on Monday. The business’s fifty day simple moving average is $35.63 and its 200-day simple moving average is $32.93. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The firm has a market cap of $6.85 billion, a PE ratio of 53.49, a P/E/G ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61.

Kyndryl Company 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.