Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 73.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,356 shares of the company’s stock after selling 122,626 shares during the period. Bank of Montreal Can’s holdings in Kyndryl were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its position in shares of Kyndryl by 105.5% during the 4th quarter. FMR LLC now owns 12,408,449 shares of the company’s stock worth $429,332,000 after acquiring an additional 6,371,541 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kyndryl by 123.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company’s stock valued at $127,434,000 after buying an additional 2,033,549 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of Kyndryl in the 4th quarter valued at $16,856,000. Trexquant Investment LP raised its stake in Kyndryl by 656.2% during the 4th quarter. Trexquant Investment LP now owns 547,462 shares of the company’s stock worth $18,942,000 after acquiring an additional 475,063 shares in the last quarter. Finally, Norges Bank acquired a new position in Kyndryl in the fourth quarter valued at $14,323,000. 71.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the 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 completion of the transaction, the general counsel now directly owns 132,818 shares of the company’s stock, valued at approximately $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the company’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 completion of the sale, the senior vice president now owns 43,877 shares in the company, valued at approximately $1,878,374.37. This represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KD. Susquehanna upped their target price 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 shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th.

Kyndryl Price Performance

Shares of NYSE KD opened at $29.20 on Friday. The company has a market cap of $6.79 billion, a PE ratio of 53.08, a P/E/G ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $43.61. The stock has a fifty day moving average price of $34.63 and a 200 day moving average price of $32.98.

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.