Rhumbline Advisers Sells 11,581 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Rhumbline Advisers decreased its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 620,917 shares of the company's stock after selling 11,581 shares during the period. Rhumbline Advisers owned 0.27% of Kyndryl worth $21,484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Kyndryl by 27.1% during the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company's stock valued at $66,000 after buying an additional 408 shares in the last quarter. Fifth Third Bancorp grew its holdings in Kyndryl by 27.5% during the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company's stock valued at $80,000 after buying an additional 496 shares in the last quarter. Blue Trust Inc. grew its holdings in Kyndryl by 34.9% during the 3rd quarter. Blue Trust Inc. now owns 4,334 shares of the company's stock valued at $100,000 after buying an additional 1,122 shares in the last quarter. GAMMA Investing LLC grew its holdings in Kyndryl by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,999 shares of the company's stock valued at $104,000 after buying an additional 580 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Kyndryl by 983.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company's stock valued at $108,000 after buying an additional 2,822 shares in the last quarter. Institutional investors own 71.53% of the company's stock.

Kyndryl Price Performance

Shares of KD stock traded down $1.35 on Friday, reaching $38.39. The company's stock had a trading volume of 1,813,886 shares, compared to its average volume of 2,271,546. The stock's fifty day simple moving average is $38.05 and its 200-day simple moving average is $30.16. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 69.80, a price-to-earnings-growth ratio of 10.84 and a beta of 1.86.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KD shares. Susquehanna increased their price objective on shares of Kyndryl from $40.00 to $46.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Bank of America started coverage on shares of Kyndryl in a report on Friday, November 22nd. They set a "buy" rating and a $40.00 price objective for the company. Finally, Oppenheimer increased their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a report on Tuesday, February 4th.

Insider Activity at Kyndryl

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl 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 completion of the transaction, the general counsel now directly owns 132,818 shares of the company's stock, valued at $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the transaction, the senior vice president now directly owns 43,877 shares of the company's stock, valued at $1,878,374.37. The trade was a 55.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by insiders.

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.