First Trust Advisors LP Increases Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

First Trust Advisors LP increased its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 21.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 331,848 shares of the company’s stock after purchasing an additional 59,659 shares during the quarter. First Trust Advisors LP’s holdings in Kyndryl were worth $11,482,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Kyndryl by 105.5% during the 4th quarter. FMR LLC now owns 12,408,449 shares of the company’s stock worth $429,332,000 after purchasing an additional 6,371,541 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Kyndryl by 123.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company’s stock worth $127,434,000 after acquiring an additional 2,033,549 shares during the period. Invesco Ltd. boosted its stake in Kyndryl by 39.9% in the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company’s stock valued at $81,177,000 after acquiring an additional 669,097 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Kyndryl during the 4th quarter valued at approximately $16,856,000. Finally, Trexquant Investment LP increased its stake in shares of Kyndryl by 656.2% during the 4th quarter. Trexquant Investment LP now owns 547,462 shares of the company’s stock worth $18,942,000 after purchasing an additional 475,063 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $42.83, for a total value of $1,177,825.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now owns 43,877 shares of the company’s stock, valued at $1,878,374.37. This trade represents 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 currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. 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 decreased their price objective on Kyndryl from $46.00 to $43.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd.

Kyndryl Trading Up 0.8 %

Shares of KD stock opened at $32.02 on Monday. Kyndryl Holdings, Inc. has a 1 year low of $19.57 and a 1 year high of $43.61. The company’s fifty day simple moving average is $33.33 and its two-hundred day simple moving average is $33.40. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 58.22, a PEG ratio of 10.84 and a beta of 1.91.

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.