Alliancebernstein L.P. Has $10.61 Million Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Alliancebernstein L.P. lowered its position in Kyndryl Holdings, Inc. (NYSE:KD) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 306,682 shares of the company’s stock after selling 3,880 shares during the quarter. Alliancebernstein L.P.’s holdings in Kyndryl were worth $10,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in KD. Millstone Evans Group LLC acquired a new stake in Kyndryl in the fourth quarter valued at $35,000. Picton Mahoney Asset Management acquired a new stake in shares of Kyndryl in the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC raised its position in shares of Kyndryl by 35.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $39,000 after acquiring an additional 297 shares during the last quarter. Sandy Spring Bank lifted its stake in shares of Kyndryl by 41.2% in the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company’s stock worth $52,000 after acquiring an additional 442 shares during the period. Finally, Lee Danner & Bass Inc. bought a new stake in Kyndryl in the fourth quarter valued at approximately $60,000. Institutional investors own 71.53% of the company’s stock.

Insider Transactions at Kyndryl

In other Kyndryl news, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total value of $2,374,456.65. Following the completion of the sale, the senior vice president now owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total value of $1,177,825.00. Following the completion of the transaction, the general counsel now owns 132,818 shares in the company, valued at approximately $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. Insiders own 1.04% of the company’s stock.

Wall Street Analysts Forecast Growth

KD has been the subject of several analyst reports. Oppenheimer raised their price target on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Susquehanna lifted their target price on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th.

Kyndryl Trading Down 6.5 %

Shares of KD stock opened at $29.13 on Friday. 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 stock has a 50 day simple moving average of $35.84 and a two-hundred day simple moving average of $32.81. The company has a market cap of $6.78 billion, a P/E ratio of 52.97, a PEG ratio of 10.84 and a beta of 1.91.

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.