Bank of Montreal Can Sells 119,679 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Bank of Montreal Can trimmed its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 41.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,982 shares of the company's stock after selling 119,679 shares during the period. Bank of Montreal Can owned approximately 0.07% of Kyndryl worth $3,819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of Kyndryl in the 3rd quarter valued at about $29,000. Headlands Technologies LLC grew its stake in Kyndryl by 60.2% in the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company's stock valued at $39,000 after purchasing an additional 554 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Kyndryl during the 2nd quarter worth approximately $39,000. UMB Bank n.a. raised its stake in shares of Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company's stock worth $35,000 after purchasing an additional 462 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Kyndryl by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company's stock valued at $44,000 after buying an additional 422 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KD. Susquehanna boosted their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the stock a "positive" rating in a research note on Friday, November 22nd. Oppenheimer increased their price target on Kyndryl from $33.00 to $37.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Finally, Bank of America began coverage on shares of Kyndryl in a report on Friday, November 22nd. They issued a "buy" rating and a $40.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $33.00.

Kyndryl Trading Down 0.4 %

Shares of NYSE:KD traded down $0.14 during trading on Thursday, reaching $34.67. 1,576,836 shares of the company traded hands, compared to its average volume of 1,759,546. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. Kyndryl Holdings, Inc. has a 52 week low of $18.05 and a 52 week high of $35.23. The company's 50 day moving average is $26.77 and its two-hundred day moving average is $25.66.

Kyndryl Company 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.