Texas Permanent School Fund Increases Position in Kyndryl Holdings, Inc. (NYSE:KD)

Texas Permanent School Fund lifted its stake in Kyndryl Holdings, Inc. (NYSE:KDGet Rating) by 2.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 129,601 shares of the company’s stock after purchasing an additional 2,479 shares during the quarter. Texas Permanent School Fund’s holdings in Kyndryl were worth $1,267,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in Kyndryl by 124.0% during the first quarter. SG Americas Securities LLC now owns 85,160 shares of the company’s stock valued at $1,117,000 after acquiring an additional 47,146 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Kyndryl by 2.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 163,536 shares of the company’s stock valued at $2,146,000 after purchasing an additional 3,365 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in shares of Kyndryl during the 1st quarter valued at $135,000. Clifford Swan Investment Counsel LLC boosted its position in shares of Kyndryl by 22.6% in the 1st quarter. Clifford Swan Investment Counsel LLC now owns 226,022 shares of the company’s stock worth $2,965,000 after purchasing an additional 41,695 shares in the last quarter. Finally, Securian Asset Management Inc. purchased a new position in Kyndryl during the 1st quarter worth $211,000. 61.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kyndryl

In other news, CEO Martin J. Schroeter bought 109,000 shares of Kyndryl stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average price of $9.68 per share, for a total transaction of $1,055,120.00. Following the purchase, the chief executive officer now directly owns 1,191,833 shares of the company’s stock, valued at approximately $11,536,943.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Kyndryl news, CEO Martin J. Schroeter purchased 109,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were bought at an average price of $9.68 per share, for a total transaction of $1,055,120.00. Following the acquisition, the chief executive officer now owns 1,191,833 shares in the company, valued at $11,536,943.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elly Keinan purchased 23,800 shares of Kyndryl stock in a transaction on Wednesday, November 9th. The shares were acquired at an average cost of $9.19 per share, with a total value of $218,722.00. Following the completion of the transaction, the insider now directly owns 651,309 shares in the company, valued at approximately $5,985,529.71. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 152,800 shares of company stock worth $1,456,442. Company insiders own 0.23% of the company’s stock.

Kyndryl Stock Down 1.1 %

NYSE:KD opened at $10.17 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.78. Kyndryl Holdings, Inc. has a twelve month low of $7.93 and a twelve month high of $20.18. The company has a market cap of $2.31 billion and a PE ratio of -1.52. The company’s 50 day moving average is $9.46 and its two-hundred day moving average is $10.39.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. assumed coverage on Kyndryl in a report on Tuesday, August 2nd. They issued a “neutral” rating and a $12.00 price target for the company.

Kyndryl Profile

(Get Rating)

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and cloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.

See Also

Want to see what other hedge funds are holding KD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kyndryl Holdings, Inc. (NYSE:KDGet Rating).

Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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