Barclays PLC Reduces Stock Position in Kyndryl Holdings, Inc. (NYSE:KD)

Barclays PLC reduced its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 9.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 231,840 shares of the company's stock after selling 24,118 shares during the period. Barclays PLC owned about 0.10% of Kyndryl worth $8,021,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Kyndryl by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 27,873,819 shares of the company's stock valued at $964,434,000 after acquiring an additional 79,575 shares during the last quarter. FMR LLC grew its stake in shares of Kyndryl by 105.5% during the 4th quarter. FMR LLC now owns 12,408,449 shares of the company's stock worth $429,332,000 after acquiring an additional 6,371,541 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Kyndryl by 123.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company's stock valued at $127,434,000 after acquiring an additional 2,033,549 shares during the period. Invesco Ltd. boosted its position in Kyndryl by 39.9% during the fourth quarter. Invesco Ltd. now owns 2,346,142 shares of the company's stock worth $81,177,000 after purchasing an additional 669,097 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Kyndryl by 8.9% in the fourth quarter. Russell Investments Group Ltd. now owns 1,053,418 shares of the company's stock valued at $36,448,000 after purchasing an additional 86,194 shares during the period. Hedge funds and other institutional investors own 71.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KD. Oppenheimer lifted their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Susquehanna reduced their target price on Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd.

Kyndryl Price Performance

Kyndryl stock traded up $0.28 during midday trading on Tuesday, hitting $32.32. 151,379 shares of the company's stock were exchanged, compared to its average volume of 2,047,439. The stock has a 50-day moving average price of $33.33 and a two-hundred day moving average price of $33.40. Kyndryl Holdings, Inc. has a 52-week low of $19.57 and a 52-week high of $43.61. The company has a market cap of $7.52 billion, a P/E ratio of 58.74, a PEG ratio of 10.84 and a beta of 1.91. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Activity at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction on 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 transaction, the general counsel now directly owns 132,818 shares of the company's stock, valued at $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Vineet Khurana sold 55,465 shares of the firm'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 completion of the sale, the senior vice president now directly 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 currently owned by insiders.

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.