JPMorgan Chase & Co. Sells 117,209 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

JPMorgan Chase & Co. lessened its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 20.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 452,117 shares of the company’s stock after selling 117,209 shares during the period. JPMorgan Chase & Co.’s holdings in Kyndryl were worth $10,390,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in Kyndryl by 33.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after purchasing an additional 422 shares during the period. UMB Bank n.a. increased its holdings in Kyndryl by 44.2% during 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. Trust Co. of Vermont raised its stake in Kyndryl by 15.2% in the third quarter. Trust Co. of Vermont now owns 3,513 shares of the company’s stock worth $81,000 after buying an additional 464 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its holdings in Kyndryl by 1.4% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 36,020 shares of the company’s stock worth $828,000 after buying an additional 480 shares during the period. Finally, Wedmont Private Capital boosted its position in Kyndryl by 4.0% during the 3rd quarter. Wedmont Private Capital now owns 13,086 shares of the company’s stock valued at $307,000 after acquiring an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Performance

Shares of KD opened at $36.79 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The firm has a market cap of $8.55 billion, a PE ratio of -94.33, a P/E/G ratio of 8.51 and a beta of 1.85. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $39.47. The stock has a fifty day moving average price of $33.05 and a 200-day moving average price of $27.40.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Bank of America began coverage on Kyndryl in a research report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target for the company. Susquehanna boosted their target price on shares of Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Friday, November 22nd. Finally, Oppenheimer increased their price target 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 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.