EAM Investors LLC Purchases Shares of 155,512 Kyndryl Holdings, Inc. (NYSE:KD)

EAM Investors LLC acquired a new position in Kyndryl Holdings, Inc. (NYSE:KD) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 155,512 shares of the company’s stock, valued at approximately $5,381,000. Kyndryl comprises about 0.8% of EAM Investors LLC’s portfolio, making the stock its 22nd biggest position.

Several other hedge funds have also modified their holdings of KD. Vanguard Group Inc. lifted its stake in Kyndryl by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company’s stock worth $964,434,000 after purchasing an additional 79,575 shares during the last quarter. FMR LLC lifted 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 acquiring an additional 6,371,541 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Kyndryl by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock valued at $88,908,000 after acquiring an additional 63,997 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Kyndryl by 123.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company’s stock valued at $127,434,000 after acquiring an additional 2,033,549 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Kyndryl by 39.9% in the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company’s stock worth $81,177,000 after purchasing an additional 669,097 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KD has been the subject of a number of recent analyst reports. Oppenheimer boosted their target price on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Susquehanna upped 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 Price Performance

Shares of KD stock opened at $30.27 on Wednesday. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 55.03, a P/E/G ratio of 10.84 and a beta of 1.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a twelve month low of $19.24 and a twelve month high of $43.61. The stock has a fifty day simple moving average of $35.11 and a two-hundred day simple moving average of $32.96.

Insider Buying and Selling

In other news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction 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 transaction, the general counsel now directly owns 132,818 shares in the company, valued at approximately $5,688,594.94. This trade represents a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the company’s stock in a transaction 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 sale, 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 owned by insiders.

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.