Kyndryl Holdings, Inc. (NYSE:KD) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 656.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 547,462 shares of the company’s stock after acquiring an additional 475,063 shares during the quarter. Trexquant Investment LP owned 0.24% of Kyndryl worth $18,942,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KD. Franklin Resources Inc. lifted its holdings in shares of Kyndryl by 24.3% in the fourth quarter. Franklin Resources Inc. now owns 111,928 shares of the company’s stock valued at $3,873,000 after buying an additional 21,860 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in Kyndryl during the fourth quarter valued at approximately $325,000. CIBC Private Wealth Group LLC boosted its holdings in Kyndryl by 5.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 24,891 shares of the company’s stock worth $939,000 after buying an additional 1,221 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Kyndryl by 123.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,683,060 shares of the company’s stock valued at $127,434,000 after buying an additional 2,033,549 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Kyndryl by 19.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,259 shares of the company’s stock valued at $78,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

Insider Activity at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $42.83, for a total value of $1,177,825.00. Following the transaction, the general counsel now owns 132,818 shares in the company, valued at $5,688,594.94. This trade represents a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Vineet Khurana sold 55,465 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.81, for a total transaction 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 trade represents a 55.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Susquehanna boosted their price objective on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Oppenheimer upped their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th.

Kyndryl Price Performance

NYSE KD opened at $31.39 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $7.31 billion, a PE ratio of 57.08, a price-to-earnings-growth ratio of 10.84 and a beta of 1.85. Kyndryl Holdings, Inc. has a 12-month low of $19.24 and a 12-month high of $43.61. The company has a 50 day moving average price of $37.54 and a two-hundred day moving average price of $32.48.

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.