Trust Co. of Vermont Cuts Position in Kyndryl Holdings, Inc. (NYSE:KD)

Trust Co. of Vermont lowered its holdings in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,153 shares of the company’s stock after selling 360 shares during the quarter. Trust Co. of Vermont’s holdings in Kyndryl were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. ORG Wealth Partners LLC purchased a new position in Kyndryl in the 3rd quarter valued at about $29,000. UMB Bank n.a. lifted its position in shares of Kyndryl by 44.2% in the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after acquiring an additional 462 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Kyndryl during the second quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. raised its stake in Kyndryl by 33.7% in 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 last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Kyndryl by 43.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,627 shares of the company’s stock valued at $95,000 after purchasing an additional 1,093 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KD. Oppenheimer increased their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Bank of America assumed coverage on Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Susquehanna upped their target price on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, November 22nd.

Kyndryl Price Performance

Shares of NYSE:KD opened at $38.29 on Monday. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $39.47. The firm has a market capitalization of $8.89 billion, a P/E ratio of -98.16, a P/E/G ratio of 9.30 and a beta of 1.85. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. The company’s fifty day moving average price is $34.33 and its 200 day moving average price is $27.81.

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.