Renaissance Technologies LLC Reduces Position in Kyndryl Holdings, Inc. (NYSE:KD)

Renaissance Technologies LLC decreased its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 36.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,400,367 shares of the company's stock after selling 817,633 shares during the quarter. Renaissance Technologies LLC owned approximately 0.60% of Kyndryl worth $48,453,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors increased its holdings in Kyndryl by 8.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,123 shares of the company's stock worth $325,000 after buying an additional 1,092 shares during the period. HighTower Advisors LLC raised its holdings in Kyndryl by 4.5% in the third quarter. HighTower Advisors LLC now owns 29,677 shares of the company's stock valued at $666,000 after acquiring an additional 1,268 shares in the last quarter. Stifel Financial Corp lifted its position 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 buying an additional 51,117 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Kyndryl in the 3rd quarter valued at $220,000. Finally, Public Employees Retirement System of Ohio increased its stake in Kyndryl by 2.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 91,839 shares of the company's stock valued at $2,110,000 after buying an additional 2,347 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Kyndryl Stock Performance

Shares of NYSE:KD traded down $0.19 during trading on Wednesday, reaching $30.10. 363,958 shares of the stock were exchanged, compared to its average volume of 2,510,030. 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 Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The firm has a market cap of $7.00 billion, a PE ratio of 54.73, a PEG ratio of 10.84 and a beta of 1.91. The stock has a 50-day moving average price of $35.11 and a 200-day moving average price of $32.96.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KD shares. Susquehanna raised their target price on shares of Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. Oppenheimer increased their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a report on Tuesday, February 4th.

Kyndryl Profile

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.