Phocas Financial Corp. Trims Stake in Kyndryl Holdings, Inc. (NYSE:KD)

Phocas Financial Corp. cut its position in Kyndryl Holdings, Inc. (NYSE:KD) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 375,760 shares of the company’s stock after selling 23,495 shares during the period. Phocas Financial Corp.’s holdings in Kyndryl were worth $8,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Kyndryl Stock Up 0.5 %

NYSE KD opened at $28.05 on Tuesday. Kyndryl Holdings, Inc. has a one year low of $17.64 and a one 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 stock has a 50 day moving average price of $24.27 and a 200-day moving average price of $24.95.

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.