Thrivent Financial for Lutherans Sells 17,128 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Thrivent Financial for Lutherans cut its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 8.6% during the third quarter, Holdings Channel.com reports. The fund owned 181,595 shares of the company’s stock after selling 17,128 shares during the period. Thrivent Financial for Lutherans’ holdings in Kyndryl were worth $4,173,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its stake in Kyndryl by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company’s stock valued at $44,000 after purchasing an additional 422 shares in the last quarter. Simplicity Wealth LLC lifted its position in shares of Kyndryl by 3.0% during the 2nd quarter. Simplicity Wealth LLC now owns 15,745 shares of the company’s stock valued at $414,000 after acquiring an additional 454 shares during the period. UMB Bank n.a. lifted its holdings in shares of Kyndryl by 44.2% in the third quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after acquiring an additional 462 shares during the last quarter. Trust Co. of Vermont raised its position in Kyndryl by 15.2% during the 3rd quarter. Trust Co. of Vermont now owns 3,513 shares of the company’s stock worth $81,000 after purchasing an additional 464 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC grew its holdings in Kyndryl by 1.4% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 36,020 shares of the company’s stock worth $828,000 after acquiring an additional 480 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on KD. Bank of America initiated coverage on shares of Kyndryl in a report on Friday. They set a “buy” rating and a $40.00 price objective on the stock. Susquehanna boosted their price target on shares of Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday. Finally, Oppenheimer upped their price objective on Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $33.00.

Kyndryl Stock Performance

NYSE:KD opened at $33.05 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl Holdings, Inc. has a twelve month low of $17.64 and a twelve month high of $33.62. The stock has a market cap of $7.68 billion, a P/E ratio of -84.74, a price-to-earnings-growth ratio of 7.83 and a beta of 1.63. The firm’s fifty day simple moving average is $24.99 and its 200 day simple moving average is $25.25.

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.