IFP Advisors Inc Has $85,000 Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

IFP Advisors Inc lifted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 56.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,457 shares of the company’s stock after buying an additional 886 shares during the period. IFP Advisors Inc’s holdings in Kyndryl were worth $85,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in Kyndryl by 19.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 29,660 shares of the company’s stock valued at $682,000 after purchasing an additional 4,750 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Kyndryl by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 26,787 shares of the company’s stock valued at $615,000 after purchasing an additional 1,820 shares during the last quarter. Atria Investments Inc boosted its position in Kyndryl by 4.5% during the third quarter. Atria Investments Inc now owns 15,470 shares of the company’s stock valued at $356,000 after purchasing an additional 663 shares during the last quarter. River Global Investors LLP boosted its position in Kyndryl by 3.5% during the third quarter. River Global Investors LLP now owns 75,916 shares of the company’s stock valued at $1,744,000 after purchasing an additional 2,540 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in Kyndryl by 147.1% during the third quarter. GSA Capital Partners LLP now owns 26,483 shares of the company’s stock valued at $609,000 after purchasing an additional 15,766 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

NYSE KD opened at $37.13 on Thursday. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $43.61. The stock’s 50-day moving average is $38.44 and its two-hundred day moving average is $31.00. 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 firm has a market cap of $8.64 billion, a P/E ratio of 67.50, a price-to-earnings-growth ratio of 10.84 and a beta of 1.86.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Oppenheimer lifted their price objective on Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Susquehanna lifted their price objective on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research report on Wednesday, February 5th. Finally, Bank of America started coverage on Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective for the company.

Insider Buying and Selling at Kyndryl

In other news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction dated 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. The trade was a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 43,877 shares in the company, valued at $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. Corporate insiders own 1.04% of the company’s stock.

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.