Two Sigma Investments LP Has $6.63 Million Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Two Sigma Investments LP reduced its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 62.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 191,489 shares of the company's stock after selling 312,681 shares during the quarter. Two Sigma Investments LP owned approximately 0.08% of Kyndryl worth $6,626,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Mediolanum International Funds Ltd acquired a new stake in Kyndryl in the 4th quarter valued at $16,856,000. American Century Companies Inc. raised its stake in shares of Kyndryl by 15.1% in the fourth quarter. American Century Companies Inc. now owns 372,642 shares of the company's stock valued at $12,893,000 after acquiring an additional 48,809 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Kyndryl during the 4th quarter valued at $515,000. Barclays PLC boosted its stake in Kyndryl by 49.2% in the third quarter. Barclays PLC now owns 255,958 shares of the company's stock worth $5,882,000 after purchasing an additional 84,347 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Kyndryl during the fourth quarter worth $11,359,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Analyst Ratings Changes

KD has been the subject of a number of research analyst reports. Wall Street Zen cut Kyndryl from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Susquehanna dropped their target price 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. Finally, Oppenheimer upped their target price on shares of Kyndryl from $43.00 to $47.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th.

Kyndryl Trading Down 1.7%

Shares of NYSE KD traded down $0.67 during mid-day trading on Friday, hitting $38.77. The company's stock had a trading volume of 228,292 shares, compared to its average volume of 2,007,874. Kyndryl Holdings, Inc. has a one year low of $21.34 and a one year high of $43.61. The company's fifty day simple moving average is $33.77 and its 200-day simple moving average is $35.36. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 70.70, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91.

Kyndryl (NYSE:KD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. On average, sell-side analysts anticipate that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current fiscal 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.