Phocas Financial Corp. Sells 23,495 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Phocas Financial Corp. reduced its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375,760 shares of the company’s stock after selling 23,495 shares during the period. Phocas Financial Corp. owned about 0.16% of Kyndryl worth $8,635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KD. Acadian Asset Management LLC bought a new position in Kyndryl during the 1st quarter valued at approximately $26,000. ORG Wealth Partners LLC bought a new position in shares of Kyndryl during the third quarter valued at $29,000. UMB Bank n.a. raised its position in Kyndryl by 44.2% in the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after buying an additional 462 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after purchasing an additional 554 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Kyndryl in the second quarter worth approximately $39,000. Institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Up 0.5 %

Shares of KD opened at $28.05 on Tuesday. Kyndryl Holdings, Inc. has a 1-year low of $17.64 and a 1-year high of $28.93. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The firm has a fifty day simple moving average of $24.27 and a two-hundred day simple moving average of $24.95.

Kyndryl Company 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.