Mesirow Institutional Investment Management Inc. Sells 133,092 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Mesirow Institutional Investment Management Inc. decreased its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 16.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 672,653 shares of the company's stock after selling 133,092 shares during the period. Kyndryl accounts for 1.8% of Mesirow Institutional Investment Management Inc.'s investment portfolio, making the stock its biggest holding. Mesirow Institutional Investment Management Inc. owned approximately 0.29% of Kyndryl worth $23,274,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KD. Vanguard Group Inc. grew its position in Kyndryl by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company's stock worth $964,434,000 after buying an additional 79,575 shares in the last quarter. FMR LLC lifted its position in shares of Kyndryl by 105.5% in the 4th quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after acquiring an additional 6,371,541 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Kyndryl by 123.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock worth $127,434,000 after purchasing an additional 2,033,549 shares in the last quarter. Invesco Ltd. increased its position in shares of Kyndryl by 39.9% during the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock valued at $81,177,000 after purchasing an additional 669,097 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Kyndryl by 8.9% in the fourth quarter. Russell Investments Group Ltd. now owns 1,053,418 shares of the company's stock valued at $36,448,000 after purchasing an additional 86,194 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, General Counsel Edward Sebold sold 27,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.83, for a total value of $1,177,825.00. Following the transaction, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the business's stock in a transaction dated 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 directly owns 43,877 shares of the company's stock, 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. Insiders own 1.04% of the company's stock.

Kyndryl Price Performance

Shares of KD stock traded up $0.24 during trading hours on Friday, hitting $32.01. 708,642 shares of the company's stock were exchanged, compared to its average volume of 2,056,101. The stock's 50-day moving average is $33.52 and its 200-day moving average is $33.22. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 58.07, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Susquehanna decreased their price target on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note on Wednesday.

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.