Teacher Retirement System of Texas Sells 180,385 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Teacher Retirement System of Texas trimmed its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 88.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,421 shares of the company's stock after selling 180,385 shares during the quarter. Teacher Retirement System of Texas' holdings in Kyndryl were worth $776,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Kyndryl by 35.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock worth $39,000 after purchasing an additional 297 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Kyndryl by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,972 shares of the company's stock worth $1,037,000 after buying an additional 312 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Kyndryl by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 64,500 shares of the company's stock worth $2,232,000 after buying an additional 400 shares during the period. UMB Bank n.a. boosted its stake in Kyndryl by 27.1% in the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company's stock valued at $66,000 after buying an additional 408 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Kyndryl by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 47,226 shares of the company's stock valued at $1,634,000 after acquiring an additional 428 shares during the period. 71.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on KD. Susquehanna upped their price objective on shares of Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th. Oppenheimer raised their price target on Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a report on Tuesday, February 4th.

Insider Activity at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl 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 sale, the general counsel now directly owns 132,818 shares in the company, valued at $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the company'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 transaction, the senior vice president now owns 43,877 shares in the company, valued at approximately $1,878,374.37. The trade was 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 currently owned by company insiders.

Kyndryl Price Performance

Shares of NYSE KD traded down $1.94 during trading on Thursday, reaching $31.15. The company had a trading volume of 4,198,360 shares, compared to its average volume of 2,023,386. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The business's 50 day moving average price is $37.12 and its 200-day moving average price is $32.54. The stock has a market cap of $7.25 billion, a PE ratio of 56.63, a PEG ratio of 10.84 and a beta of 1.85. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09.

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.