Barclays PLC Has $8.02 Million Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Barclays PLC reduced its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 231,840 shares of the company's stock after selling 24,118 shares during the period. Barclays PLC owned about 0.10% of Kyndryl worth $8,021,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KD. Tidal Investments LLC grew its position in Kyndryl by 45.9% during the 3rd quarter. Tidal Investments LLC now owns 102,270 shares of the company's stock worth $2,350,000 after purchasing an additional 32,173 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of Kyndryl during the fourth quarter valued at $255,000. Dakota Wealth Management purchased a new stake in Kyndryl in the 4th quarter worth about $1,221,000. Harbor Capital Advisors Inc. acquired a new stake in Kyndryl during the 4th quarter worth about $2,775,000. Finally, Sky Investment Group LLC boosted its position in Kyndryl by 11.7% during the 4th quarter. Sky Investment Group LLC now owns 88,335 shares of the company's stock worth $3,056,000 after acquiring an additional 9,240 shares during the period. Institutional investors and hedge funds own 71.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KD. Susquehanna reduced their price target on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday. Oppenheimer lifted their target price on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th.

Kyndryl Stock Up 0.8 %

NYSE:KD traded up $0.25 during mid-day trading on Friday, reaching $32.02. The stock had a trading volume of 1,306,049 shares, compared to its average volume of 2,056,779. Kyndryl Holdings, Inc. has a fifty-two week low of $19.57 and a fifty-two week high of $43.61. 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 business's 50 day moving average is $33.33 and its 200 day moving average is $33.28. The stock has a market cap of $7.45 billion, a P/E ratio of 58.22, a PEG ratio of 10.84 and a beta of 1.91.

Insider Activity

In other news, SVP Vineet Khurana sold 55,465 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were 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 approximately $1,878,374.37. This trade represents a 55.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the transaction, the general counsel now owns 132,818 shares of the company's stock, valued at approximately $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.04% of the company's stock.

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.