Marshall & Sterling Wealth Advisors Inc. Buys Shares of 874 Kyndryl Holdings, Inc. (NYSE:KD)

Marshall & Sterling Wealth Advisors Inc. bought a new stake in Kyndryl Holdings, Inc. (NYSE:KD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 874 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in shares of Kyndryl by 45.9% during the third quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock valued at $2,350,000 after purchasing an additional 32,173 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Kyndryl during the fourth quarter valued at about $255,000. Dakota Wealth Management bought a new stake in shares of Kyndryl during the fourth quarter valued at about $1,221,000. Harbor Capital Advisors Inc. bought a new stake in shares of Kyndryl during the fourth quarter valued at about $2,775,000. Finally, Sky Investment Group LLC raised its stake in shares of Kyndryl by 11.7% during the fourth quarter. Sky Investment Group LLC now owns 88,335 shares of the company’s stock valued at $3,056,000 after purchasing an additional 9,240 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KD shares. Susquehanna dropped their price target on shares of Kyndryl from $46.00 to $43.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer boosted their price target on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th.

Kyndryl Trading Down 0.1 %

Kyndryl stock opened at $32.02 on Tuesday. The company has a 50 day moving average price of $33.33 and a 200 day moving average price of $33.40. Kyndryl Holdings, Inc. has a 52 week low of $19.57 and a 52 week high of $43.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 58.22, a P/E/G ratio of 10.84 and a beta of 1.91.

Insider Buying and Selling

In other Kyndryl news, 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 completion of the sale, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. This represents a 17.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the completion of 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 position. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

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.