Bleakley Financial Group LLC Has $555,000 Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Bleakley Financial Group LLC lowered its stake in Kyndryl Holdings, Inc. (NYSE:KDFree Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,041 shares of the company’s stock after selling 688 shares during the quarter. Bleakley Financial Group LLC’s holdings in Kyndryl were worth $555,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in Kyndryl during the 3rd quarter worth $29,000. UMB Bank n.a. raised its stake in Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after buying an additional 462 shares during the period. Fifth Third Bancorp raised its stake in Kyndryl by 27.5% during the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock worth $80,000 after buying an additional 496 shares during the period. Trust Co. of Vermont raised its stake in Kyndryl by 15.2% during the 3rd quarter. Trust Co. of Vermont now owns 3,513 shares of the company’s stock worth $81,000 after buying an additional 464 shares during the period. Finally, Blue Trust Inc. raised its stake in Kyndryl by 34.9% during the 3rd quarter. Blue Trust Inc. now owns 4,334 shares of the company’s stock worth $100,000 after buying an additional 1,122 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Insider Activity

In other news, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were 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 owns 132,818 shares of the company’s stock, valued at $5,688,594.94. This trade 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 owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on KD shares. Oppenheimer raised their price objective on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Bank of America assumed coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price for the company. Finally, Susquehanna increased 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.

Check Out Our Latest Analysis on Kyndryl

Kyndryl Price Performance

KD stock opened at $41.00 on Tuesday. The stock has a market cap of $9.52 billion, a PE ratio of 74.54, a price-to-earnings-growth ratio of 12.64 and a beta of 1.86. The stock has a 50-day moving average price of $36.87 and a two-hundred day moving average price of $29.15. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61.

About Kyndryl

(Free Report)

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.

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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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