Charles Schwab Investment Management Inc. Sells 35,250 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Charles Schwab Investment Management Inc. lowered its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,932,925 shares of the company’s stock after selling 35,250 shares during the period. Charles Schwab Investment Management Inc. owned about 0.83% of Kyndryl worth $66,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new stake in Kyndryl during the 4th quarter worth $1,421,000. SBI Securities Co. Ltd. bought a new stake in Kyndryl during the 4th quarter worth $379,000. Jones Financial Companies Lllp grew its position in Kyndryl by 26.2% during the 4th quarter. Jones Financial Companies Lllp now owns 5,134 shares of the company’s stock worth $178,000 after acquiring an additional 1,065 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Kyndryl during the 4th quarter worth $515,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Kyndryl in the 4th quarter valued at about $294,000. Institutional investors own 71.53% of the company’s stock.

Insider Activity at Kyndryl

In related news, SVP Vineet Khurana sold 55,465 shares of the company’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 owns 43,877 shares in the company, valued at $1,878,374.37. This represents a 55.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the company’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 position. The disclosure for this sale can be found here. 1.04% of the stock is owned by corporate insiders.

Kyndryl Trading Up 1.2 %

NYSE KD opened at $34.30 on Wednesday. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. The business’s 50-day moving average price is $38.48 and its two-hundred day moving average price is $31.41. The firm has a market capitalization of $7.98 billion, a PE ratio of 62.35, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85.

Analysts Set New Price Targets

KD has been the topic of a number of analyst reports. Susquehanna upped their price target on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research report on Wednesday, February 5th. Oppenheimer upped their price target on Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Finally, Bank of America initiated coverage on Kyndryl in a research report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target on the stock.

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.