Clifford Swan Investment Counsel LLC Sells 52,573 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Clifford Swan Investment Counsel LLC decreased its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,643 shares of the company's stock after selling 52,573 shares during the period. Clifford Swan Investment Counsel LLC's holdings in Kyndryl were worth $3,482,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KD. Creative Planning lifted its stake in shares of Kyndryl by 3.3% in the 3rd quarter. Creative Planning now owns 42,999 shares of the company's stock valued at $988,000 after purchasing an additional 1,384 shares during the period. International Assets Investment Management LLC lifted its stake in Kyndryl by 2,035.3% in the third quarter. International Assets Investment Management LLC now owns 40,100 shares of the company's stock valued at $921,000 after buying an additional 38,222 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Kyndryl by 19.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 29,660 shares of the company's stock worth $682,000 after buying an additional 4,750 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Kyndryl by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 26,787 shares of the company's stock worth $615,000 after buying an additional 1,820 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Kyndryl during the 3rd quarter worth approximately $227,000. Institutional investors own 71.53% of the company's stock.

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Kyndryl Stock Down 0.4 %

NYSE KD traded down $0.14 during mid-day trading on Wednesday, hitting $37.13. The company's stock had a trading volume of 1,982,865 shares, compared to its average volume of 1,847,854. 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's 50 day simple moving average is $38.44 and its 200 day simple moving average is $31.00. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 67.50, a PEG ratio of 10.84 and a beta of 1.86. Kyndryl Holdings, Inc. has a twelve month low of $19.24 and a twelve month high of $43.61.

Insider Activity at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.83, for a total value of $1,177,825.00. Following the transaction, the general counsel now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 43,877 shares in the company, valued at approximately $1,878,374.37. This represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Kyndryl 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.