Lazard Asset Management LLC Grows Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Lazard Asset Management LLC grew its holdings in Kyndryl Holdings, Inc. (NYSE:KDGet Rating) by 64.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,667 shares of the company’s stock after purchasing an additional 2,608 shares during the quarter. Lazard Asset Management LLC’s holdings in Kyndryl were worth $64,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KD. National Bank of Canada FI grew its stake in shares of Kyndryl by 4,594.5% in the second quarter. National Bank of Canada FI now owns 3,120,770 shares of the company’s stock worth $30,521,000 after acquiring an additional 3,054,293 shares in the last quarter. 180 Wealth Advisors LLC grew its stake in shares of Kyndryl by 26.6% in the second quarter. 180 Wealth Advisors LLC now owns 25,323 shares of the company’s stock worth $254,000 after acquiring an additional 5,325 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Kyndryl in the first quarter worth $5,869,000. Hohimer Wealth Management LLC grew its stake in shares of Kyndryl by 32.9% in the second quarter. Hohimer Wealth Management LLC now owns 94,989 shares of the company’s stock worth $929,000 after acquiring an additional 23,510 shares in the last quarter. Finally, Profund Advisors LLC acquired a new position in shares of Kyndryl in the first quarter worth $155,000. Hedge funds and other institutional investors own 61.92% of the company’s stock.

Insider Transactions at Kyndryl

In other news, CEO Martin J. Schroeter acquired 109,000 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was acquired at an average cost of $9.68 per share, with a total value of $1,055,120.00. Following the transaction, the chief executive officer now owns 1,191,833 shares in the company, valued at $11,536,943.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Martin J. Schroeter acquired 109,000 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was acquired at an average cost of $9.68 per share, with a total value of $1,055,120.00. Following the transaction, the chief executive officer now owns 1,191,833 shares in the company, valued at $11,536,943.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David B. Wyshner purchased 20,000 shares of Kyndryl stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average cost of $9.13 per share, with a total value of $182,600.00. Following the completion of the transaction, the chief financial officer now owns 476,406 shares of the company’s stock, valued at $4,349,586.78. The disclosure for this purchase can be found here. In the last three months, insiders bought 152,800 shares of company stock valued at $1,456,442. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

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

Kyndryl Stock Performance

NYSE:KD opened at $11.02 on Friday. The company has a market cap of $2.50 billion and a price-to-earnings ratio of -1.65. The company has a fifty day simple moving average of $9.44 and a two-hundred day simple moving average of $10.34. Kyndryl Holdings, Inc. has a 52 week low of $7.93 and a 52 week high of $20.18. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.78.

Kyndryl Company 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.

Further Reading

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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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