American Century Companies Inc. Raises Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

American Century Companies Inc. grew its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 15.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 372,642 shares of the company’s stock after acquiring an additional 48,809 shares during the period. American Century Companies Inc. owned about 0.16% of Kyndryl worth $12,893,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KD. FMR LLC lifted its position in shares of Kyndryl by 35.1% in the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock worth $138,728,000 after purchasing an additional 1,569,260 shares during the period. Geode Capital Management LLC raised its stake in Kyndryl by 1.7% in the third quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock worth $88,908,000 after buying an additional 63,997 shares in the last quarter. Zimmer Partners LP lifted its holdings in Kyndryl by 1.9% during the third quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock worth $62,595,000 after buying an additional 49,738 shares during the period. Allianz Asset Management GmbH boosted its position in Kyndryl by 5.6% during the 4th quarter. Allianz Asset Management GmbH now owns 719,402 shares of the company’s stock valued at $24,891,000 after acquiring an additional 38,291 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Kyndryl by 33.7% in the 3rd quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock valued at $15,096,000 after acquiring an additional 165,481 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction dated 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 directly owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the completion of the transaction, the general counsel now directly owns 132,818 shares in the company, valued at $5,688,594.94. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

Kyndryl Price Performance

KD stock opened at $32.16 on Wednesday. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. 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 capitalization of $7.48 billion, a PE ratio of 58.47, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85. The business has a 50 day simple moving average of $37.40 and a 200-day simple moving average of $32.55.

Analyst Upgrades and Downgrades

Several research firms recently commented on KD. Oppenheimer boosted their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Susquehanna increased their price objective on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th.

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.