Sei Investments Co. Sells 26,429 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Sei Investments Co. lessened its stake in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 171,916 shares of the company's stock after selling 26,429 shares during the quarter. Sei Investments Co. owned approximately 0.07% of Kyndryl worth $5,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in Kyndryl during the fourth quarter worth approximately $35,000. Picton Mahoney Asset Management bought a new position in shares of Kyndryl during the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its holdings in shares of Kyndryl by 35.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $39,000 after acquiring an additional 297 shares during the last quarter. Sandy Spring Bank raised its stake in Kyndryl by 41.2% in the 4th quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock valued at $52,000 after acquiring an additional 442 shares during the period. Finally, Lee Danner & Bass Inc. bought a new stake in Kyndryl in the 4th quarter valued at $60,000. 71.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KD has been the topic of several research reports. Susquehanna upped 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. Oppenheimer raised their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th.

Kyndryl Stock Performance

NYSE:KD traded down $2.29 during mid-day trading on Friday, reaching $28.71. 3,371,394 shares of the company's stock were exchanged, compared to its average volume of 2,031,163. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $6.68 billion, a PE ratio of 52.21, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year high of $43.61. The business's fifty day simple moving average is $36.90 and its two-hundred day simple moving average is $32.71.

Insider Activity

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction dated 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 sale, the general counsel now directly owns 132,818 shares in the company, valued at $5,688,594.94. This represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is owned by company 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.