Blue Trust Inc. Has $103,000 Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Blue Trust Inc. trimmed its position in Kyndryl Holdings, Inc. (NYSE:KD) by 31.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,976 shares of the company’s stock after selling 1,358 shares during the period. Blue Trust Inc.’s holdings in Kyndryl were worth $103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. raised its position in Kyndryl by 27.1% during the fourth quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock valued at $66,000 after acquiring an additional 408 shares in the last quarter. Fifth Third Bancorp raised its position in 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 acquiring an additional 496 shares in the last quarter. GAMMA Investing LLC raised its position in 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 acquiring an additional 580 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in 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 acquiring an additional 2,822 shares in the last quarter. Finally, KBC Group NV raised its position in Kyndryl by 15.3% during the third quarter. KBC Group NV now owns 6,443 shares of the company’s stock valued at $148,000 after acquiring an additional 857 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KD has been the topic of several analyst reports. Oppenheimer increased 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. Bank of America initiated coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 price target on the stock. Finally, Susquehanna increased 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.

Insider Activity at Kyndryl

In other news, General Counsel Edward Sebold sold 27,500 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the sale, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. This represents a 17.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction 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 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 disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

Kyndryl Stock Performance

Shares of NYSE:KD opened at $38.39 on Friday. The stock has a market capitalization of $8.93 billion, a P/E ratio of 69.80, a P/E/G ratio of 10.84 and a beta of 1.86. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year 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 has a 50-day moving average price of $38.05 and a two-hundred day moving average price of $30.22.

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.