Teacher Retirement System of Texas Has $776,000 Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Teacher Retirement System of Texas lessened its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 88.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & 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.

A number of other institutional investors and hedge funds also recently made changes to their positions in KD. Picton Mahoney Asset Management acquired a new stake in Kyndryl in the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its holdings in Kyndryl by 35.9% in 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 in the last quarter. Sandy Spring Bank boosted its stake in Kyndryl by 41.2% during the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company’s stock worth $52,000 after acquiring an additional 442 shares in the last quarter. AlphaQuest LLC increased its position in Kyndryl by 147.3% in the 4th quarter. AlphaQuest LLC now owns 1,877 shares of the company’s stock valued at $65,000 after buying an additional 1,118 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Kyndryl by 27.1% during the fourth quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock worth $66,000 after purchasing an additional 408 shares during the period. Institutional investors own 71.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KD shares. Susquehanna raised their target price on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. Oppenheimer increased their price target on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th.

Kyndryl Stock Performance

NYSE KD opened at $31.36 on Monday. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. The company’s 50 day simple moving average is $37.67 and its two-hundred day simple moving average is $32.42. 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 stock has a market capitalization of $7.30 billion, a PE ratio of 57.01, a P/E/G ratio of 10.84 and a beta of 1.85.

Insider Buying and Selling at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the completion of the sale, the senior vice president now owns 43,877 shares of the company’s stock, valued at $1,878,374.37. The trade was a 55.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction that occurred on 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 transaction, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.

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.