Thrivent Financial for Lutherans Cuts Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Thrivent Financial for Lutherans lessened its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 181,595 shares of the company’s stock after selling 17,128 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Kyndryl worth $4,173,000 as of its most recent SEC filing.

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

Kyndryl Price Performance

KD stock opened at $33.05 on Monday. The firm has a market capitalization of $7.68 billion, a PE ratio of -84.74, a P/E/G ratio of 7.83 and a beta of 1.63. Kyndryl Holdings, Inc. has a one year low of $17.64 and a one year high of $33.62. 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 firm has a 50-day moving average of $24.99 and a two-hundred day moving average of $25.25.

Analyst Ratings Changes

A number of research analysts have recently commented on KD shares. Oppenheimer raised their price target on Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday. Susquehanna boosted their price target on shares of Kyndryl from $33.00 to $40.00 and gave the stock a “positive” rating in a research report on Friday. Finally, Bank of America assumed coverage on shares of Kyndryl in a report on Friday. They issued a “buy” rating and a $40.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kyndryl presently has an average rating of “Buy” and an average price target of $33.00.

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.