Kyndryl Holdings, Inc. (NYSE:KD) Stock Holdings Lifted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,897 shares of the company's stock after acquiring an additional 93,302 shares during the period. Thrivent Financial for Lutherans owned about 0.12% of Kyndryl worth $9,511,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KD. Corient Private Wealth LLC lifted its holdings in Kyndryl by 15.8% in the fourth quarter. Corient Private Wealth LLC now owns 43,260 shares of the company's stock worth $1,497,000 after acquiring an additional 5,908 shares during the last quarter. one8zero8 LLC acquired a new position in Kyndryl during the 4th quarter valued at approximately $492,000. Picton Mahoney Asset Management acquired a new position in Kyndryl during the 4th quarter valued at approximately $38,000. Hilton Capital Management LLC grew its stake in Kyndryl by 4.9% during the 4th quarter. Hilton Capital Management LLC now owns 133,778 shares of the company's stock worth $4,629,000 after buying an additional 6,216 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Kyndryl by 47.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 59,341 shares of the company's stock worth $2,053,000 after buying an additional 19,088 shares during the period. 71.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on KD shares. Susquehanna upped their price target on shares of Kyndryl from $40.00 to $46.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. Oppenheimer raised their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th.

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Kyndryl Stock Performance

Shares of NYSE KD traded down $0.96 during midday trading on Wednesday, reaching $34.01. 2,192,494 shares of the company traded hands, compared to its average volume of 1,890,259. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 61.83, a PEG ratio of 10.84 and a beta of 1.85. The stock has a 50-day moving average price of $38.02 and a 200 day moving average price of $32.22. Kyndryl Holdings, Inc. has a 52 week low of $19.24 and a 52 week high of $43.61. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09.

Insiders Place Their Bets

In related news, General Counsel Edward Sebold sold 27,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the completion of the transaction, the general counsel now owns 132,818 shares of the company's stock, valued at $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the completion of the sale, the senior vice president now owns 43,877 shares in the company, valued at approximately $1,878,374.37. This trade represents 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.