Kyndryl Holdings, Inc. (NYSE:KD) Stock Holdings Decreased by Phocas Financial Corp.

Phocas Financial Corp. cut its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 85.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,406 shares of the company’s stock after selling 319,354 shares during the period. Kyndryl accounts for about 1.5% of Phocas Financial Corp.’s investment portfolio, making the stock its 8th largest position. Phocas Financial Corp.’s holdings in Kyndryl were worth $1,952,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KD. Westfield Capital Management Co. LP increased its holdings in shares of Kyndryl by 62.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after purchasing an additional 1,254,208 shares during the period. Tidal Investments LLC lifted its position in shares of Kyndryl by 45.9% during the 3rd quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock worth $2,350,000 after buying an additional 32,173 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Kyndryl in the fourth quarter valued at $255,000. National Bank of Canada FI boosted its stake in shares of Kyndryl by 33.7% in the 3rd quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock valued at $15,096,000 after purchasing an additional 165,481 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Kyndryl by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock worth $45,229,000 after purchasing an additional 76,670 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Vineet Khurana sold 55,465 shares of Kyndryl 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 sale, the senior vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the business’s stock in a transaction dated 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 directly owns 132,818 shares in the company, 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.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Bank of America assumed coverage on Kyndryl in a research note on Friday, November 22nd. They issued a “buy” rating and a $40.00 price objective on the stock. Oppenheimer raised 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. Finally, Susquehanna upped their target price on shares of Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research report on Wednesday, February 5th.

Kyndryl Stock Down 0.3 %

NYSE:KD opened at $37.04 on Wednesday. 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 stock has a market cap of $8.62 billion, a price-to-earnings ratio of 67.35, a PEG ratio of 10.84 and a beta of 1.86. The stock has a 50-day moving average price of $38.11 and a two-hundred day moving average price of $30.49. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61.

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.