15,787 Shares in Kyndryl Holdings, Inc. (NYSE:KD) Acquired by Marshall Wace LLP

Marshall Wace LLP acquired a new stake in Kyndryl Holdings, Inc. (NYSE:KD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,787 shares of the company’s stock, valued at approximately $546,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KD. NewEdge Advisors LLC grew its position in Kyndryl by 92.7% in the fourth quarter. NewEdge Advisors LLC now owns 2,047 shares of the company’s stock worth $71,000 after acquiring an additional 985 shares during the period. EAM Global Investors LLC acquired a new stake in shares of Kyndryl during the 4th quarter worth about $5,103,000. EAM Investors LLC purchased a new position in shares of Kyndryl during the fourth quarter worth $5,381,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Kyndryl during the 4th quarter worth about $280,000. Finally, XTX Topco Ltd grew its position in Kyndryl by 31.3% in the 4th quarter. XTX Topco Ltd now owns 18,580 shares of the company’s stock valued at $643,000 after acquiring an additional 4,428 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Susquehanna lowered their price objective on shares of Kyndryl from $46.00 to $43.00 and set a “positive” rating for the company in a research note on Wednesday, April 23rd. Oppenheimer upped their price objective on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th.

Kyndryl Stock Up 2.4 %

Shares of Kyndryl stock opened at $33.13 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a 52-week low of $20.09 and a 52-week high of $43.61. The company has a market capitalization of $7.71 billion, a P/E ratio of 60.24, a P/E/G ratio of 10.84 and a beta of 1.91. The company has a 50 day moving average of $32.71 and a 200 day moving average of $33.55.

Insider Transactions at Kyndryl

In other news, General Counsel Edward Sebold sold 27,500 shares of the firm’s stock in a transaction dated 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 sale, the general counsel now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the company’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 transaction, the senior vice president now directly 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. Corporate insiders own 1.04% of the company’s stock.

Kyndryl 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.