Kyndryl Holdings, Inc. (NYSE:KD) Stake Trimmed by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lowered its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 34.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,643 shares of the company’s stock after selling 52,573 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Kyndryl were worth $3,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. increased 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 worth $66,000 after purchasing an additional 408 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Kyndryl by 27.5% during the fourth quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock valued at $80,000 after buying an additional 496 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Kyndryl by 56.4% during the fourth quarter. IFP Advisors Inc now owns 2,457 shares of the company’s stock valued at $85,000 after buying an additional 886 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Kyndryl by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock valued at $104,000 after buying an additional 580 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Kyndryl by 983.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company’s stock valued at $108,000 after buying an additional 2,822 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bank of America assumed coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 price target on the stock. Susquehanna lifted their price target on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. Finally, Oppenheimer lifted 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.

Kyndryl Trading Up 0.9 %

Kyndryl stock opened at $38.07 on Friday. The company’s fifty day simple moving average is $38.34 and its 200-day simple moving average is $30.70. The company has a quick ratio of 1.09, a current 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 has a market cap of $8.86 billion, a P/E ratio of 69.22, a P/E/G ratio of 10.84 and a beta of 1.86.

Insider Activity

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $42.81, for a total value of $2,374,456.65. Following the completion of the sale, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the completion of the sale, the general counsel now directly owns 132,818 shares of the company’s stock, valued at $5,688,594.94. This represents a 17.15 % 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 corporate insiders.

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.