Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. trimmed its position in Kyndryl Holdings, Inc. (NYSE:KDGet Rating) by 19.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,216 shares of the company’s stock after selling 4,423 shares during the period. Baird Financial Group Inc.’s holdings in Kyndryl were worth $178,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in KD. SG Americas Securities LLC increased its holdings in shares of Kyndryl by 124.0% in the first quarter. SG Americas Securities LLC now owns 85,160 shares of the company’s stock valued at $1,117,000 after buying an additional 47,146 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Kyndryl by 2.1% in the first quarter. Mutual of America Capital Management LLC now owns 163,536 shares of the company’s stock valued at $2,146,000 after buying an additional 3,365 shares in the last quarter. Securian Asset Management Inc. bought a new position in shares of Kyndryl in the first quarter valued at $211,000. State of New Jersey Common Pension Fund D increased its holdings in shares of Kyndryl by 10.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 168,930 shares of the company’s stock valued at $2,216,000 after buying an additional 15,537 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Kyndryl in the first quarter valued at $165,000. 61.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kyndryl

In other news, insider Elly Keinan bought 23,800 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were bought at an average cost of $9.19 per share, with a total value of $218,722.00. Following the purchase, the insider now directly owns 651,309 shares in the company, valued at $5,985,529.71. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Elly Keinan bought 23,800 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were bought at an average cost of $9.19 per share, with a total value of $218,722.00. Following the purchase, the insider now directly owns 651,309 shares in the company, valued at $5,985,529.71. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David B. Wyshner bought 20,000 shares of the business’s stock in a transaction on Monday, November 7th. The shares were purchased at an average cost of $9.13 per share, for a total transaction of $182,600.00. Following the completion of the purchase, the chief financial officer now owns 476,406 shares in the company, valued at $4,349,586.78. The disclosure for this purchase can be found here. Insiders have bought a total of 152,800 shares of company stock valued at $1,456,442 in the last three months. 0.23% of the stock is currently owned by company insiders.

Kyndryl Price Performance

Shares of NYSE:KD opened at $11.02 on Thursday. The company’s fifty day moving average is $9.44 and its two-hundred day moving average is $10.34. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.78. Kyndryl Holdings, Inc. has a 12-month low of $7.93 and a 12-month high of $20.18. The company has a market cap of $2.50 billion and a P/E ratio of -1.65.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. began coverage on Kyndryl in a report on Tuesday, August 2nd. They issued a “neutral” rating and a $12.00 price target on the stock.

About Kyndryl

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Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and cloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.

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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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