Schonfeld Strategic Advisors LLC Has $256,000 Position in Kyndryl Holdings, Inc. (NYSE:KD)

Schonfeld Strategic Advisors LLC lessened its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 83.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,400 shares of the company's stock after selling 38,373 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Kyndryl were worth $256,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. AQR Capital Management LLC increased its stake in Kyndryl by 60.5% during the 4th quarter. AQR Capital Management LLC now owns 1,747,662 shares of the company's stock valued at $60,469,000 after buying an additional 658,866 shares during the period. Lido Advisors LLC acquired a new position in Kyndryl during the 4th quarter valued at about $234,000. Northern Trust Corp increased its stake in Kyndryl by 13.5% during the 4th quarter. Northern Trust Corp now owns 2,092,390 shares of the company's stock valued at $72,397,000 after buying an additional 249,062 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Kyndryl during the 4th quarter valued at about $30,000. Finally, Coldstream Capital Management Inc. acquired a new position in Kyndryl during the 4th quarter valued at about $259,000. Institutional investors and hedge funds own 71.53% of the company's stock.

Kyndryl Trading Down 0.7%

Shares of KD traded down $0.29 during midday trading on Friday, hitting $40.44. The stock had a trading volume of 1,509,888 shares, compared to its average volume of 2,024,524. Kyndryl Holdings, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $43.61. The business has a 50-day simple moving average of $32.93 and a two-hundred day simple moving average of $34.46. The firm has a market cap of $9.41 billion, a P/E ratio of 73.52, a price-to-earnings-growth ratio of 10.84 and a beta of 1.91. 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 announced its earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Kyndryl had a net margin of 0.91% and a return on equity of 7.22%. The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same period last year, the company posted ($0.01) earnings per share. The business's revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities analysts forecast that Kyndryl Holdings, Inc. will post 0.73 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on KD shares. Oppenheimer raised their target price on shares of Kyndryl from $43.00 to $47.00 and gave the company an "outperform" rating in a research note on Tuesday. Susquehanna reduced their price objective on shares of Kyndryl from $46.00 to $43.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd.

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.