6 days Ago By ABMN Staff
Federated Hermes Inc. increased its position in shares of Kyndryl Holdings, Inc. ( NYSE:KD – Free Report ) by 10.
5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 44,593 shares of the company’s stock after buying an additional 4,228 shares during the quarter. Federated Hermes Inc.
’s holdings in Kyndryl were worth $1,543,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Kyndryl by 123.
3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company’s stock worth $127,434,000 after buying an additional 2,033,549 shares during the period. Mediolanum International Funds Ltd acquired a new stake in Kyndryl during the 4th quarter worth approximately $16,856,000.
Trexquant Investment LP grew its stake in shares of Kyndryl by 656.2% in the 4th quarter. Trexquant Investment LP now owns 547,462 shares of the company’s stock valued at $18,942,000 after purchasing an additional 475,063 shares during the last quarter.
Norges Bank acquired a new position in shares of Kyndryl in the fourth quarter valued at approximately $14,323,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Kyndryl during the fourth quarter worth approximately $13,133,000.
Institutional investors and hedge funds own 71.53% of the company’s stock. Kyndryl Trading Up 1.
4 % NYSE:KD opened at $29.86 on Tuesday. The stock has a market capitalization of $6.
95 billion, a price-to-earnings ratio of 54.29, a PEG ratio of 10.84 and a beta of 1.
91. Kyndryl Holdings, Inc. has a 1 year low of $19.
24 and a 1 year high of $43.61. The stock has a fifty day moving average price of $35.
36 and a two-hundred day moving average price of $32.98. The company has a debt-to-equity ratio of 2.
55, a quick ratio of 1.09 and a current ratio of 1.09.
Analysts Set New Price Targets Get Our Latest Analysis on Kyndryl Insider Activity In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.83, for a total transaction of $1,177,825.
00. Following the transaction, the general counsel now directly owns 132,818 shares in the company, valued at approximately $5,688,594.94.
This represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link .
Also, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction that occurred 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 sale, the senior vice president now owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37.
The trade was a 55.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders own 1.04% of the company’s stock. Kyndryl Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding KD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kyndryl Holdings, Inc.
( NYSE:KD – Free Report ). Receive News & Ratings for Kyndryl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kyndryl and related companies with MarketBeat.com's FREE daily email newsletter .
.
