Wilmington Savings Fund Society FSB Has $368,000 Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Wilmington Savings Fund Society FSB raised its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 43.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,650 shares of the company’s stock after buying an additional 3,200 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Kyndryl were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KD. ORG Wealth Partners LLC bought a new stake in Kyndryl during the 3rd quarter worth approximately $29,000. UMB Bank n.a. boosted its holdings in shares of Kyndryl by 44.2% in the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after buying an additional 462 shares during the period. Fifth Third Bancorp increased its position in shares of Kyndryl by 27.5% during the fourth quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock worth $80,000 after acquiring an additional 496 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of Kyndryl by 15.2% during the third quarter. Trust Co. of Vermont now owns 3,513 shares of the company’s stock worth $81,000 after acquiring an additional 464 shares during the period. Finally, Blue Trust Inc. lifted its position in Kyndryl by 34.9% in the 3rd quarter. Blue Trust Inc. now owns 4,334 shares of the company’s stock valued at $100,000 after acquiring an additional 1,122 shares in the last quarter. Institutional investors own 71.53% of the company’s stock.

Kyndryl Trading Down 2.5 %

Shares of KD stock opened at $39.98 on Wednesday. The stock’s fifty day simple moving average is $37.01 and its 200 day simple moving average is $29.26. Kyndryl Holdings, Inc. has a twelve month low of $19.24 and a twelve month high of $43.61. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $9.28 billion, a P/E ratio of 72.68, a P/E/G ratio of 12.64 and a beta of 1.86.

Insider Activity

In other news, SVP Vineet Khurana sold 55,465 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the transaction, the senior vice president now owns 43,877 shares of the company’s stock, valued at $1,878,374.37. This represents a 55.83 % decrease in their position. The sale was disclosed in a filing 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 shares were sold at an average price of $42.83, for a total value of $1,177,825.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KD. Bank of America initiated coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective for the company. Oppenheimer lifted their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Finally, Susquehanna boosted their price objective on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th.

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.