Northern Trust Corp Has $72.40 Million Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Northern Trust Corp boosted its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,092,390 shares of the company's stock after acquiring an additional 249,062 shares during the period. Northern Trust Corp owned 0.90% of Kyndryl worth $72,397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KD. FMR LLC lifted its stake in shares of Kyndryl by 105.5% in the 4th quarter. FMR LLC now owns 12,408,449 shares of the company's stock valued at $429,332,000 after purchasing an additional 6,371,541 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kyndryl by 123.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after buying an additional 2,033,549 shares in the last quarter. Invesco Ltd. increased its stake in shares of Kyndryl by 39.9% in the 4th quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock valued at $81,177,000 after acquiring an additional 669,097 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Kyndryl during the 4th quarter valued at $16,856,000. Finally, Trexquant Investment LP lifted its position in shares of Kyndryl by 656.2% during the 4th quarter. Trexquant Investment LP now owns 547,462 shares of the company's stock valued at $18,942,000 after acquiring an additional 475,063 shares during the period. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Stock Up 1.2 %

KD stock opened at $33.56 on Tuesday. The stock has a 50-day simple moving average of $32.71 and a two-hundred day simple moving average of $33.67. 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 twelve month low of $20.58 and a twelve month high of $43.61. The firm has a market capitalization of $7.81 billion, a PE ratio of 61.02, a PEG ratio of 10.84 and a beta of 1.91.

Analyst Upgrades and Downgrades

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

Insider Activity at Kyndryl

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 stock was 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 approximately $5,688,594.94. This trade represents a 17.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the firm's stock in a transaction 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 sale, the senior vice president now directly owns 43,877 shares of the company's stock, valued at $1,878,374.37. The trade was a 55.83 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by insiders.

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.

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