California Public Employees Retirement System Lowers Position in Kyndryl Holdings, Inc. (NYSE:KD)

California Public Employees Retirement System trimmed its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 10.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,250 shares of the company's stock after selling 40,252 shares during the quarter. California Public Employees Retirement System owned 0.15% of Kyndryl worth $11,773,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC grew its position in Kyndryl by 151.3% in the 3rd quarter. Cerity Partners LLC now owns 32,187 shares of the company's stock valued at $740,000 after buying an additional 19,377 shares during the last quarter. Captrust Financial Advisors grew its holdings in Kyndryl by 8.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,123 shares of the company's stock valued at $325,000 after buying an additional 1,092 shares during the period. Verition Fund Management LLC grew its holdings in Kyndryl by 65.7% in the 3rd quarter. Verition Fund Management LLC now owns 34,255 shares of the company's stock valued at $787,000 after buying an additional 13,586 shares during the period. HighTower Advisors LLC grew its holdings in shares of Kyndryl by 4.5% during the 3rd quarter. HighTower Advisors LLC now owns 29,677 shares of the company's stock worth $666,000 after purchasing an additional 1,268 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of Kyndryl by 126.3% during the 3rd quarter. Stifel Financial Corp now owns 91,598 shares of the company's stock worth $2,105,000 after purchasing an additional 51,117 shares during the period. 71.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KD has been the topic of a number of recent analyst reports. Oppenheimer upped their target price on Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. Susquehanna increased their target price on Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th.

Insider Transactions at Kyndryl

In other news, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total value of $2,374,456.65. Following the transaction, the senior vice president now owns 43,877 shares in the company, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their position. 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 business's stock in a transaction on Thursday, February 6th. The stock was 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 in the company, valued at $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.

Kyndryl Price Performance

KD stock traded down $2.00 during trading on Thursday, hitting $29.15. The company had a trading volume of 331,351 shares, compared to its average volume of 2,037,885. The company has a fifty day moving average price of $36.02 and a two-hundred day moving average price of $32.77. 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 cap of $6.78 billion, a P/E ratio of 53.18, a P/E/G ratio of 10.84 and a beta of 1.91. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $43.61.

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.