Thrivent Financial for Lutherans Buys 142,843 Shares of Kyndryl Holdings, Inc. $KD

Thrivent Financial for Lutherans boosted its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 758,849 shares of the company’s stock after acquiring an additional 142,843 shares during the period. Thrivent Financial for Lutherans owned 0.33% of Kyndryl worth $20,155,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of KD. Smartleaf Asset Management LLC lifted its stake in Kyndryl by 192.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,171 shares of the company’s stock valued at $35,000 after purchasing an additional 770 shares during the last quarter. NBT Bank N A NY grew its stake in shares of Kyndryl by 3,220.0% during the 4th quarter. NBT Bank N A NY now owns 1,328 shares of the company’s stock worth $35,000 after acquiring an additional 1,288 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Kyndryl by 4,475.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,464 shares of the company’s stock worth $39,000 after acquiring an additional 1,432 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Kyndryl during the 4th quarter worth $39,000. Finally, Optiver Holding B.V. bought a new position in shares of Kyndryl during the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on KD shares. Guggenheim downgraded Kyndryl from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 10th. Scotiabank lowered their target price on shares of Kyndryl from $16.50 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, May 8th. JPMorgan Chase & Co. cut shares of Kyndryl from an “overweight” rating to an “underweight” rating and set a $16.00 price objective for the company. in a research note on Monday, February 9th. Oppenheimer reaffirmed a “market perform” rating on shares of Kyndryl in a research note on Monday, February 9th. Finally, Susquehanna decreased their price target on shares of Kyndryl from $35.00 to $16.00 and set a “positive” rating on the stock in a report on Friday, February 13th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $22.57.

Kyndryl Stock Performance

NYSE KD opened at $11.34 on Monday. Kyndryl Holdings, Inc. has a 52-week low of $10.10 and a 52-week high of $44.20. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $2.56 billion, a P/E ratio of 13.34 and a beta of 1.72. The company has a fifty day moving average of $12.94 and a 200-day moving average of $19.60.

Kyndryl (NYSE:KD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.25). Kyndryl had a return on equity of 20.29% and a net margin of 1.31%.The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The business’s revenue was down .8% on a year-over-year basis. As a group, equities research analysts predict that Kyndryl Holdings, Inc. will post 1.81 EPS for the current fiscal year.

About Kyndryl

Kyndryl (NYSE: KD) is a global managed infrastructure services provider formed in November 2021 through the spin-off of IBM’s Managed Infrastructure Services business. The company designs, builds, manages and modernizes critical information technology systems for enterprises worldwide. Kyndryl’s core offerings include cloud migration and management, network and edge computing solutions, digital workplace services and IT resiliency and security capabilities.

With a workforce of approximately 90,000 professionals and operations in more than 60 countries, Kyndryl serves clients across a broad range of industries, including financial services, telecommunications, healthcare, manufacturing and retail.