Tower Research Capital LLC TRC Boosts Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Tower Research Capital LLC TRC lifted its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 178.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,918 shares of the company's stock after acquiring an additional 9,559 shares during the quarter. Tower Research Capital LLC TRC's holdings in Kyndryl were worth $516,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in shares of Kyndryl during the fourth quarter valued at approximately $35,000. Picton Mahoney Asset Management purchased a new stake in Kyndryl during the 4th quarter valued at $38,000. EverSource Wealth Advisors LLC increased its position in shares of Kyndryl by 35.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $39,000 after acquiring an additional 297 shares during the period. Sandy Spring Bank increased its position in shares of Kyndryl by 41.2% in the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock valued at $52,000 after acquiring an additional 442 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Kyndryl during the fourth quarter worth about $60,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Insider Activity

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the firm's stock in a transaction on 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Vineet Khurana sold 55,465 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the sale, the senior vice president now owns 43,877 shares in the company, valued at approximately $1,878,374.37. This trade represents 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 company insiders.

Analyst Ratings Changes

KD has been the topic of a number of research analyst reports. Susquehanna reduced their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Oppenheimer upped their target price on Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a report on Tuesday, February 4th.

Kyndryl Stock Up 2.4 %

KD traded up $0.79 on Friday, hitting $33.13. The company had a trading volume of 1,339,278 shares, compared to its average volume of 2,051,285. The stock has a fifty day simple moving average of $32.71 and a 200-day simple moving average of $33.67. 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 $7.71 billion, a P/E ratio of 60.24, a P/E/G ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a 52-week low of $20.58 and a 52-week high of $43.61.

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.