Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,858,773 shares of the company's stock after selling 1,169,070 shares during the period. Dimensional Fund Advisors LP owned about 2.09% of Kyndryl worth $168,112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KD. First Trust Advisors LP grew its holdings in shares of Kyndryl by 21.9% in the fourth quarter. First Trust Advisors LP now owns 331,848 shares of the company's stock worth $11,482,000 after purchasing an additional 59,659 shares during the last quarter. Forum Financial Management LP bought a new position in Kyndryl in the 4th quarter worth about $246,000. GeoWealth Management LLC purchased a new position in shares of Kyndryl during the fourth quarter worth approximately $84,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Kyndryl by 1.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 217,623 shares of the company's stock valued at $7,523,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Kyndryl in the fourth quarter valued at approximately $546,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KD has been the topic of several research reports. Oppenheimer raised their price objective on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Susquehanna lowered their price objective on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd.

Kyndryl Stock Up 1.2 %

Shares of KD traded up $0.39 during trading hours on Tuesday, hitting $32.43. The company had a trading volume of 238,636 shares, compared to its average volume of 2,047,764. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $7.55 billion, a PE ratio of 58.86, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a one year low of $19.57 and a one year high of $43.61. The company's fifty day moving average price is $33.33 and its two-hundred day moving average price is $33.40.

Insiders Place Their Bets

In other news, SVP Vineet Khurana sold 55,465 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the transaction, the senior vice president now directly owns 43,877 shares of the company's stock, valued at approximately $1,878,374.37. This represents a 55.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $42.83, for a total value of $1,177,825.00. Following the sale, the general counsel now owns 132,818 shares of the company's stock, valued at approximately $5,688,594.94. This represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

About Kyndryl

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.