Oppenheimer Asset Management Inc. Has $794,000 Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Oppenheimer Asset Management Inc. cut its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,955 shares of the company’s stock after selling 886 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Kyndryl were worth $794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP raised its holdings in Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after acquiring an additional 1,254,208 shares in the last quarter. Tidal Investments LLC raised its holdings 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 in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Kyndryl during the 4th quarter worth $255,000. National Bank of Canada FI raised its holdings in shares of Kyndryl by 33.7% during the 3rd quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock worth $15,096,000 after buying an additional 165,481 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 buying an additional 76,670 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction that occurred on 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 completion of the sale, the general counsel now directly owns 132,818 shares of the company’s stock, valued at approximately $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Vineet Khurana sold 55,465 shares of the 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 of the company’s stock, valued at $1,878,374.37. The trade was a 55.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is owned by company insiders.

Kyndryl Stock Down 0.5 %

KD stock opened at $37.24 on Wednesday. The stock’s 50 day simple moving average is $38.40 and its 200 day simple moving average is $30.90. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $43.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $8.67 billion, a P/E ratio of 67.71, a price-to-earnings-growth ratio of 10.84 and a beta of 1.86.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KD shares. Bank of America started coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 price target for the company. Susquehanna boosted their price target on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Finally, Oppenheimer upped their target price on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th.

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.