Nordea Investment Management AB Cuts Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Nordea Investment Management AB reduced its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,971 shares of the company's stock after selling 31,139 shares during the quarter. Nordea Investment Management AB owned 0.22% of Kyndryl worth $17,404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new stake in shares of Kyndryl in the 3rd quarter valued at approximately $29,000. UMB Bank n.a. raised its stake in Kyndryl by 44.2% in the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company's stock valued at $35,000 after acquiring an additional 462 shares during the period. Headlands Technologies LLC lifted its holdings in Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company's stock valued at $39,000 after purchasing an additional 554 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Kyndryl during the second quarter worth $39,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Kyndryl by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company's stock valued at $44,000 after purchasing an additional 422 shares during the period. 71.53% of the stock is owned by institutional investors and hedge funds.

Kyndryl Stock Down 0.2 %

Shares of KD traded down $0.07 during trading hours on Thursday, hitting $37.78. The stock had a trading volume of 2,422,249 shares, compared to its average volume of 3,476,251. The firm has a 50 day simple moving average of $32.47 and a 200-day simple moving average of $27.23. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $39.47. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $8.78 billion, a P/E ratio of -96.87, a price-to-earnings-growth ratio of 8.51 and a beta of 1.85.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Susquehanna lifted their target price on Kyndryl from $33.00 to $40.00 and gave the stock a "positive" rating in a report on Friday, November 22nd. 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 target price on the stock. Finally, Oppenheimer boosted 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.

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.