Alpha Omega Wealth Management LLC Sells 7,158 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Alpha Omega Wealth Management LLC decreased its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,178 shares of the company’s stock after selling 7,158 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Kyndryl were worth $2,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KD. Westfield Capital Management Co. LP increased its holdings in shares of Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after purchasing an additional 1,254,208 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Kyndryl by 45.9% during the third quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock valued at $2,350,000 after buying an additional 32,173 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in Kyndryl in the 4th quarter worth about $255,000. National Bank of Canada FI raised its position in Kyndryl by 33.7% in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Kyndryl by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock valued at $45,229,000 after acquiring an additional 76,670 shares during the period. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Up 0.5 %

Shares of NYSE KD opened at $37.92 on Friday. Kyndryl Holdings, Inc. has a 12-month low of $19.24 and a 12-month high of $39.54. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50 day moving average of $36.20 and a 200 day moving average of $28.65.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Susquehanna lifted 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. Oppenheimer lifted their target price on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Bank of America initiated coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 price target on the stock.

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.