Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by River Global Investors LLP

River Global Investors LLP reduced its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 39.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,192 shares of the company's stock after selling 29,724 shares during the period. River Global Investors LLP's holdings in Kyndryl were worth $1,598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KD. UMB Bank n.a. boosted its stake in Kyndryl by 27.1% in the fourth quarter. UMB Bank n.a. now owns 1,916 shares of the company's stock valued at $66,000 after acquiring an additional 408 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of 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 purchasing an additional 496 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Kyndryl by 56.4% in the 4th quarter. IFP Advisors Inc now owns 2,457 shares of the company's stock worth $85,000 after purchasing an additional 886 shares in the last quarter. GAMMA Investing LLC grew its stake in Kyndryl by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 2,999 shares of the company's stock worth $104,000 after buying an additional 580 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position 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. Hedge funds and other institutional investors own 71.53% of the company's stock.

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Kyndryl Stock Performance

Kyndryl stock traded down $0.31 during trading hours on Wednesday, hitting $33.99. 2,278,384 shares of the stock traded hands, compared to its average volume of 1,863,340. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 61.79, a P/E/G ratio of 10.84 and a beta of 1.85. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm's 50 day moving average price is $38.48 and its 200-day moving average price is $31.41.

Insider Activity at Kyndryl

In other news, General Counsel Edward Sebold sold 27,500 shares of the business'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 completion of the transaction, the general counsel now owns 132,818 shares of the company's stock, valued at $5,688,594.94. The trade was a 17.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the firm'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 in the company, valued at approximately $1,878,374.37. This trade represents 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 owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Susquehanna raised their price target on Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a report on Wednesday, February 5th. Bank of America assumed coverage on shares of Kyndryl in a research note on Friday, November 22nd. They issued a "buy" rating and a $40.00 target price for the company. Finally, Oppenheimer upped their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th.

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.