TD Private Client Wealth LLC Purchases 2,708 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

TD Private Client Wealth LLC raised its position in Kyndryl Holdings, Inc. (NYSE:KD) by 33,850.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,716 shares of the company’s stock after purchasing an additional 2,708 shares during the period. TD Private Client Wealth LLC’s holdings in Kyndryl were worth $94,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KD. FMR LLC boosted its stake in Kyndryl by 35.1% during the third quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after buying an additional 1,569,260 shares during the period. Cinctive Capital Management LP purchased a new stake in shares of Kyndryl in the 3rd quarter valued at about $20,213,000. Mediolanum International Funds Ltd bought a new stake in shares of Kyndryl during the 4th quarter valued at about $16,856,000. Raymond James Financial Inc. purchased a new position in shares of Kyndryl during the fourth quarter worth about $11,359,000. Finally, Wexford Capital LP bought a new position in shares of Kyndryl in the third quarter worth approximately $6,371,000. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Stock Down 1.1 %

Shares of KD opened at $34.94 on Wednesday. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. 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 50 day simple moving average of $38.02 and a two-hundred day simple moving average of $32.22. The firm has a market cap of $8.13 billion, a P/E ratio of 63.53, a P/E/G ratio of 10.84 and a beta of 1.85.

Insider Transactions at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction that occurred on Thursday, February 6th. The stock was 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. The trade was a 55.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 of the company’s stock, valued at approximately $5,688,594.94. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

Wall Street Analyst Weigh In

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

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.