Cortland Associates Inc. MO Sells 26,893 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Cortland Associates Inc. MO lessened its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,123,721 shares of the company’s stock after selling 26,893 shares during the period. Kyndryl accounts for 8.4% of Cortland Associates Inc. MO’s holdings, making the stock its biggest holding. Cortland Associates Inc. MO owned about 0.91% of Kyndryl worth $73,481,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Westfield Capital Management Co. LP boosted 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 acquiring an additional 1,254,208 shares during the last quarter. Tidal Investments LLC increased its holdings in Kyndryl by 45.9% during the 3rd quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock worth $2,350,000 after acquiring an additional 32,173 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in shares of Kyndryl in the 4th quarter worth $255,000. National Bank of Canada FI increased its holdings in shares of 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. increased its holdings in shares of Kyndryl by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock worth $45,229,000 after buying an additional 76,670 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

Analyst Upgrades and Downgrades

KD has been the subject of several analyst reports. Susquehanna increased their price target on shares of Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, November 22nd. Bank of America started coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 price target for the company. Finally, Oppenheimer raised 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.

Kyndryl Stock Down 0.2 %

Shares of NYSE KD opened at $38.34 on Thursday. The firm has a 50 day moving average of $36.00 and a 200 day moving average of $28.50. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. Kyndryl Holdings, Inc. has a 12-month low of $19.24 and a 12-month high of $39.54.

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.