Kyndryl Holdings, Inc. (NYSE:KD) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 35.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,900 shares of the company's stock after selling 50,500 shares during the quarter. Two Sigma Advisers LP's holdings in Kyndryl were worth $3,145,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KD. Tidal Investments LLC grew its stake in Kyndryl by 362.6% in the 4th quarter. Tidal Investments LLC now owns 473,050 shares of the company's stock valued at $16,368,000 after acquiring an additional 370,780 shares during the period. True Wealth Design LLC grew its stake in Kyndryl by 150.6% in the 4th quarter. True Wealth Design LLC now owns 872 shares of the company's stock valued at $30,000 after acquiring an additional 524 shares during the period. Siemens Fonds Invest GmbH acquired a new stake in Kyndryl in the 4th quarter valued at $130,000. ProShare Advisors LLC grew its stake in Kyndryl by 7.8% in the 4th quarter. ProShare Advisors LLC now owns 10,867 shares of the company's stock valued at $376,000 after acquiring an additional 788 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in Kyndryl in the 4th quarter valued at $360,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Analyst Ratings Changes

KD has been the topic of several recent research reports. Susquehanna lowered their target price on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Oppenheimer lifted their target price on shares of Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Wall Street Zen cut shares of Kyndryl from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th.

Kyndryl Trading Down 1.0%

KD traded down $0.39 on Friday, hitting $39.05. The company had a trading volume of 1,766,021 shares, compared to its average volume of 2,016,486. The firm has a market cap of $9.09 billion, a P/E ratio of 71.00, a PEG ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a 1 year low of $21.34 and a 1 year high of $43.61. The company's fifty day moving average price is $33.85 and its 200 day moving average price is $35.48. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55.

Kyndryl (NYSE:KD - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. Kyndryl had a return on equity of 7.22% and a net margin of 0.91%. Kyndryl's revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) EPS. As a group, equities analysts expect that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

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.