Kyndryl Holdings, Inc. (NYSE:KD) Stock Holdings Lessened by Silverberg Bernstein Capital Management LLC

Silverberg Bernstein Capital Management LLC cut its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 63.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,050 shares of the company's stock after selling 22,970 shares during the period. Silverberg Bernstein Capital Management LLC's holdings in Kyndryl were worth $452,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KD. FMR LLC increased its position in Kyndryl by 35.1% during the third quarter. FMR LLC now owns 6,036,908 shares of the company's stock worth $138,728,000 after purchasing an additional 1,569,260 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Kyndryl by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company's stock valued at $88,908,000 after acquiring an additional 63,997 shares during the period. Westfield Capital Management Co. LP raised its stake in shares of Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company's stock valued at $74,894,000 after acquiring an additional 1,254,208 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Kyndryl by 32.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company's stock valued at $72,768,000 after acquiring an additional 675,800 shares in the last quarter. Finally, Zimmer Partners LP boosted its position in Kyndryl by 1.9% during the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company's stock worth $62,595,000 after purchasing an additional 49,738 shares during the period. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Stock Up 2.1 %

Shares of Kyndryl stock traded up $0.78 on Wednesday, hitting $38.30. 1,749,193 shares of the company's stock traded hands, compared to its average volume of 2,752,624. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. The firm's 50-day moving average is $33.61 and its 200 day moving average is $27.57. The stock has a market cap of $8.90 billion, a P/E ratio of -98.20, a PEG ratio of 8.51 and a beta of 1.85. Kyndryl Holdings, Inc. has a 52-week low of $19.24 and a 52-week high of $39.47.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KD shares. Oppenheimer boosted their price objective on Kyndryl from $33.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Bank of America started coverage on Kyndryl in a research report on Friday, November 22nd. They set a "buy" rating and a $40.00 price target on the stock. Finally, Susquehanna lifted their price objective on shares of Kyndryl from $33.00 to $40.00 and gave the company a "positive" rating in a research note on Friday, November 22nd.

Kyndryl Company 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.