Avior Wealth Management LLC Has $633,000 Position in Kyndryl Holdings, Inc. (NYSE:KD)

Avior Wealth Management LLC lowered its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 8.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,283 shares of the company’s stock after selling 1,691 shares during the period. Avior Wealth Management LLC’s holdings in Kyndryl were worth $633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted its stake in shares of Kyndryl by 35.1% during the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after buying an additional 1,569,260 shares during the period. Geode Capital Management LLC boosted its position in Kyndryl by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock valued at $88,908,000 after purchasing an additional 63,997 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in Kyndryl by 62.6% in the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after purchasing an additional 1,254,208 shares in the last quarter. Zimmer Partners LP increased its position in Kyndryl by 1.9% in the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock worth $62,595,000 after purchasing an additional 49,738 shares during the last quarter. Finally, Royce & Associates LP increased its position in Kyndryl by 9.6% in the 3rd quarter. Royce & Associates LP now owns 2,643,328 shares of the company’s stock worth $60,744,000 after purchasing an additional 232,583 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Trading Up 0.2 %

NYSE:KD opened at $39.35 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. The company’s 50 day moving average is $35.40 and its 200-day moving average is $28.25. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of -100.88, a P/E/G ratio of 10.59 and a beta of 1.85. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $39.54.

Analyst Upgrades and Downgrades

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

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.