Kyndryl Holdings, Inc. (NYSE:KD) Holdings Reduced by Avior Wealth Management LLC

Avior Wealth Management LLC lessened its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,283 shares of the company’s stock after selling 1,691 shares during the period. Avior Wealth Management LLC’s holdings in Kyndryl were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in shares of Kyndryl during the 3rd quarter worth about $29,000. UMB Bank n.a. increased its stake in shares of Kyndryl by 44.2% during the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after acquiring an additional 462 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Kyndryl during the second quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. lifted its position in Kyndryl by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock worth $44,000 after purchasing an additional 422 shares during the period. Finally, Trust Co. of Vermont increased its position in shares of Kyndryl by 15.2% during the 3rd quarter. Trust Co. of Vermont now owns 3,513 shares of the company’s stock valued at $81,000 after purchasing an additional 464 shares during the period. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KD has been the subject of several research analyst reports. Oppenheimer upped their price objective on Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Bank of America began coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective for the company. Finally, Susquehanna increased their target price on shares of Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research note on Friday, November 22nd.

Kyndryl Trading Up 0.2 %

NYSE:KD opened at $39.35 on Friday. The stock has a fifty day simple moving average of $35.40 and a 200 day simple moving average of $28.25. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of -100.88, a price-to-earnings-growth ratio of 10.59 and a beta of 1.85. Kyndryl Holdings, Inc. has a 1-year low of $19.24 and a 1-year high of $39.54. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65.

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.