Kyndryl Holdings, Inc. (NYSE:KD) Stake Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,241 shares of the company’s stock after selling 6,999 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Kyndryl worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Captrust Financial Advisors grew its stake in Kyndryl by 3.7% during the 4th quarter. Captrust Financial Advisors now owns 17,659 shares of the company’s stock valued at $196,000 after acquiring an additional 630 shares in the last quarter. LPL Financial LLC grew its stake in Kyndryl by 1.3% during the 1st quarter. LPL Financial LLC now owns 62,274 shares of the company’s stock valued at $919,000 after acquiring an additional 804 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in Kyndryl by 6.7% during the 1st quarter. Schonfeld Strategic Advisors LLC now owns 13,221 shares of the company’s stock valued at $195,000 after acquiring an additional 827 shares in the last quarter. Guggenheim Capital LLC grew its stake in Kyndryl by 2.4% during the 2nd quarter. Guggenheim Capital LLC now owns 35,456 shares of the company’s stock valued at $471,000 after acquiring an additional 830 shares in the last quarter. Finally, Huntington National Bank grew its stake in Kyndryl by 32.9% during the 3rd quarter. Huntington National Bank now owns 3,714 shares of the company’s stock valued at $56,000 after acquiring an additional 919 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Stock Down 0.3 %

Shares of Kyndryl stock opened at $19.64 on Friday. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of -4.34, a P/E/G ratio of 5.55 and a beta of 1.54. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.94 and a quick ratio of 0.94. Kyndryl Holdings, Inc. has a 52-week low of $11.35 and a 52-week high of $22.90. The stock has a 50-day simple moving average of $21.53 and a 200-day simple moving average of $19.39.

Kyndryl (NYSE:KD) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. Kyndryl had a negative net margin of 6.27% and a negative return on equity of 7.39%. On average, equities research analysts expect that Kyndryl Holdings, Inc. will post -0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Evercore ISI raised Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 target price on the stock in a research note on Monday, January 8th. Susquehanna upgraded Kyndryl from a “neutral” rating to a “positive” rating and lifted their price target for the company from $19.00 to $27.00 in a report on Monday, February 12th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $25.00.

Kyndryl 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.