Oregon Public Employees Retirement Fund Grows Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Oregon Public Employees Retirement Fund increased its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,226 shares of the company’s stock after buying an additional 428 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Kyndryl were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Kyndryl by 3.3% in the 3rd quarter. Creative Planning now owns 42,999 shares of the company’s stock worth $988,000 after purchasing an additional 1,384 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Kyndryl by 2,035.3% in the 3rd quarter. International Assets Investment Management LLC now owns 40,100 shares of the company’s stock worth $921,000 after purchasing an additional 38,222 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Kyndryl by 19.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 29,660 shares of the company’s stock worth $682,000 after purchasing an additional 4,750 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Kyndryl by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 26,787 shares of the company’s stock worth $615,000 after purchasing an additional 1,820 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Kyndryl in the 3rd quarter worth about $227,000. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

Kyndryl Stock Performance

Kyndryl stock opened at $38.07 on Friday. The stock’s 50 day moving average price is $38.27 and its 200 day moving average price is $30.59. The firm has a market capitalization of $8.86 billion, a PE ratio of 69.22, a price-to-earnings-growth ratio of 10.84 and a beta of 1.86. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year high of $43.61.

Insider Buying and Selling

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of Kyndryl 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 sale, the senior vice president now owns 43,877 shares in the company, valued at $1,878,374.37. This represents a 55.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.