Prudential Financial Inc. Raises Position in Kyndryl Holdings, Inc. (NYSE:KD)

Prudential Financial Inc. raised its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 77.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 515,413 shares of the company’s stock after buying an additional 225,463 shares during the quarter. Prudential Financial Inc.’s holdings in Kyndryl were worth $17,833,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC grew its holdings in shares of Kyndryl by 45.9% during the 3rd quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock worth $2,350,000 after purchasing an additional 32,173 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in Kyndryl during the 4th quarter worth approximately $255,000. National Bank of Canada FI boosted its stake in shares of Kyndryl by 33.7% in the third quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock valued at $15,096,000 after purchasing an additional 165,481 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Kyndryl by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock worth $45,229,000 after buying an additional 76,670 shares during the period. Finally, FMR LLC lifted 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 buying an additional 1,569,260 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction that occurred on 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 directly owns 132,818 shares in the company, valued at $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. 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 company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly 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 corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KD shares. Oppenheimer lifted their target price on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. 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.

Kyndryl Price Performance

Shares of KD opened at $32.38 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 58.86, a PEG ratio of 10.84 and a beta of 1.85. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The stock has a 50 day moving average of $37.81 and a 200-day moving average of $32.23.

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.