TIAA Trust National Association Buys New Stake in Kyndryl Holdings, Inc. (NYSE:KD)

TIAA Trust National Association purchased a new stake in Kyndryl Holdings, Inc. (NYSE:KD) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 6,675 shares of the company’s stock, valued at approximately $231,000.

Several other large investors also recently bought and sold shares of KD. EverSource Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 297 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Kyndryl by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company’s stock valued at $1,037,000 after buying an additional 312 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Kyndryl by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,298 shares of the company’s stock valued at $1,775,000 after acquiring an additional 332 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Kyndryl by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company’s stock worth $2,232,000 after acquiring an additional 400 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Kyndryl by 27.1% in the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock valued at $66,000 after acquiring an additional 408 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

Shares of NYSE KD opened at $31.36 on Friday. The stock has a fifty day moving average price of $37.67 and a 200 day moving average price of $32.29. 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 company has a market cap of $7.30 billion, a PE ratio of 57.01, a P/E/G ratio of 10.84 and a beta of 1.85.

Insiders Place Their Bets

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the general counsel now owns 132,818 shares in the company, valued at approximately $5,688,594.94. The trade was a 17.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the firm’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 completion of the sale, the senior vice president now directly owns 43,877 shares of the company’s stock, valued at $1,878,374.37. This 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 owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KD shares. Oppenheimer increased their price target on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Susquehanna increased their target price on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th.

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.