Mutual of America Capital Management LLC Reduces Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Mutual of America Capital Management LLC decreased its position in Kyndryl Holdings, Inc. (NYSE:KD) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,695 shares of the company’s stock after selling 2,262 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Kyndryl worth $4,245,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. UMB Bank n.a. raised its holdings in Kyndryl by 27.1% during the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock valued at $66,000 after acquiring an additional 408 shares during the period. Fifth Third Bancorp raised its holdings in Kyndryl by 27.5% during the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock valued at $80,000 after acquiring an additional 496 shares during the period. IFP Advisors Inc increased its holdings in shares of Kyndryl by 56.4% in the fourth quarter. IFP Advisors Inc now owns 2,457 shares of the company’s stock worth $85,000 after purchasing an additional 886 shares during the period. GAMMA Investing LLC increased its holdings in shares of Kyndryl by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock worth $104,000 after purchasing an additional 580 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Kyndryl by 983.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company’s stock worth $108,000 after purchasing an additional 2,822 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Down 0.4 %

KD opened at $37.13 on Thursday. The stock has a market cap of $8.64 billion, a PE ratio of 67.50, a P/E/G ratio of 10.84 and a beta of 1.86. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.55. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The business’s fifty day simple moving average is $38.44 and its 200 day simple moving average is $31.00.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price target on the stock. Oppenheimer upped their price target on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Finally, Susquehanna upped their price target on shares of Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th.

Insider Activity at Kyndryl

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of the company’s stock in a transaction dated 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 sale, the general counsel now directly owns 132,818 shares in the company, valued at $5,688,594.94. This represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 approximately $1,878,374.37. The trade was 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 insiders.

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.