Atria Investments Inc Decreases Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Atria Investments Inc cut its position in Kyndryl Holdings, Inc. (NYSE:KD) by 17.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,820 shares of the company’s stock after selling 2,650 shares during the period. Atria Investments Inc’s holdings in Kyndryl were worth $444,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. FMR LLC increased its holdings in shares of Kyndryl by 35.1% in the third quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after purchasing an additional 1,569,260 shares during the period. Geode Capital Management LLC increased its holdings in shares of Kyndryl by 1.7% in the third quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock valued at $88,908,000 after purchasing an additional 63,997 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of Kyndryl by 62.6% in the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after purchasing an additional 1,254,208 shares during the period. Zimmer Partners LP grew its holdings in Kyndryl by 1.9% during the third quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock worth $62,595,000 after acquiring an additional 49,738 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Kyndryl by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock worth $45,229,000 after acquiring an additional 76,670 shares during the period. 71.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kyndryl

In other news, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total value of $2,374,456.65. Following the transaction, the senior vice president now owns 43,877 shares in the company, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Edward Sebold sold 27,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the general counsel now owns 132,818 shares in the company, valued at approximately $5,688,594.94. This trade represents 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.

Analyst Ratings Changes

Several research firms recently commented on KD. Bank of America began coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price on the stock. Oppenheimer raised their target price on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Finally, Susquehanna raised their target price on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th.

Kyndryl Stock Up 4.5 %

Shares of KD opened at $35.26 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The stock’s 50 day moving average is $38.39 and its two-hundred day moving average is $31.58. The firm has a market cap of $8.20 billion, a P/E ratio of 64.10, a PEG ratio of 10.84 and a beta of 1.85.

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.