Jones Financial Companies Lllp Has $178,000 Position in Kyndryl Holdings, Inc. (NYSE:KD)

Jones Financial Companies Lllp increased its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 26.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,134 shares of the company’s stock after acquiring an additional 1,065 shares during the quarter. Jones Financial Companies Lllp’s holdings in Kyndryl were worth $178,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KD. Atria Investments Inc boosted its stake in Kyndryl by 4.5% in the 3rd 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 period. GSA Capital Partners LLP boosted its stake in Kyndryl by 147.1% in the 3rd 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 period. Oppenheimer Asset Management Inc. boosted its stake in Kyndryl by 39.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,841 shares of the company’s stock valued at $548,000 after purchasing an additional 6,688 shares during the period. KBC Group NV boosted its stake in Kyndryl by 15.3% in the 3rd quarter. KBC Group NV now owns 6,443 shares of the company’s stock valued at $148,000 after purchasing an additional 857 shares during the period. Finally, Royce & Associates LP boosted its stake in Kyndryl by 9.6% in the 3rd quarter. Royce & Associates LP now owns 2,643,328 shares of the company’s stock valued at $60,744,000 after purchasing an additional 232,583 shares during the period. 71.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Edward Sebold sold 27,500 shares of the company’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 in the company, valued at $5,688,594.94. This represents a 17.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 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 approximately $1,878,374.37. The trade was a 55.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.

Kyndryl Trading Up 4.5 %

Shares of KD stock opened at $35.26 on Friday. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 64.10, a PEG ratio of 10.84 and a beta of 1.85. The stock has a 50-day moving average of $38.39 and a 200-day moving average of $31.53. 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 1-year low of $19.24 and a 1-year high of $43.61.

Analyst Ratings Changes

KD has been the subject of a number of recent analyst reports. Susquehanna upped their target price on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research report on Wednesday, February 5th. Oppenheimer upped their target price on Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Finally, Bank of America initiated coverage on Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price for the company.

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.