Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Silverberg Bernstein Capital Management LLC

Silverberg Bernstein Capital Management LLC lowered its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 63.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,050 shares of the company’s stock after selling 22,970 shares during the period. Silverberg Bernstein Capital Management LLC’s holdings in Kyndryl were worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KD. ORG Wealth Partners LLC purchased a new stake in Kyndryl during the third quarter valued at about $29,000. UMB Bank n.a. grew its position in Kyndryl by 44.2% during the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after purchasing an additional 462 shares in the last quarter. Headlands Technologies LLC raised its stake in Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after purchasing an additional 554 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Kyndryl in the second quarter valued at $39,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 buying an additional 422 shares during the period. 71.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KD shares. Susquehanna increased their price objective on Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research note on Friday, November 22nd. Bank of America started coverage on shares of Kyndryl in a research report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target for the company. Finally, Oppenheimer boosted their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd.

Kyndryl Stock Up 1.8 %

Shares of Kyndryl stock opened at $38.20 on Wednesday. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of -97.95, a P/E/G ratio of 8.51 and a beta of 1.85. The stock has a 50-day simple moving average of $33.61 and a 200-day simple moving average of $27.57. Kyndryl Holdings, Inc. has a 52-week low of $19.24 and a 52-week high of $39.47. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03.

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.