Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 620,917 shares of the company’s stock after selling 11,581 shares during the period. Rhumbline Advisers owned 0.27% of Kyndryl worth $21,484,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Creative Planning boosted its stake in Kyndryl by 3.3% in the 3rd quarter. Creative Planning now owns 42,999 shares of the company’s stock worth $988,000 after buying an additional 1,384 shares during the last quarter. Blue Trust Inc. boosted its stake in Kyndryl by 34.9% in the 3rd quarter. Blue Trust Inc. now owns 4,334 shares of the company’s stock worth $100,000 after buying an additional 1,122 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Kyndryl by 2,035.3% in the 3rd quarter. International Assets Investment Management LLC now owns 40,100 shares of the company’s stock worth $921,000 after buying an additional 38,222 shares during the last quarter. Highland Capital Management LLC acquired a new stake in Kyndryl in the 3rd quarter worth about $203,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Kyndryl by 19.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 29,660 shares of the company’s stock worth $682,000 after buying an additional 4,750 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Stock Performance

Shares of NYSE:KD opened at $39.76 on Friday. The company has a market cap of $9.25 billion, a P/E ratio of 72.29, a PEG ratio of 12.31 and a beta of 1.86. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. Kyndryl Holdings, Inc. has a one year low of $19.24 and a one year high of $43.61. The business’s 50-day simple moving average is $37.99 and its 200 day simple moving average is $30.06.

Insider Activity at Kyndryl

In related news, 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 transaction 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Edward Sebold sold 27,500 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.83, for a total value of $1,177,825.00. Following the sale, the general counsel now owns 132,818 shares in the company, valued at approximately $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. Company insiders own 1.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KD. Oppenheimer raised 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. Susquehanna raised their price objective on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Finally, Bank of America assumed coverage on Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price objective on the stock.

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.