Kyndryl Holdings, Inc. (NYSE:KD) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in Kyndryl Holdings, Inc. (NYSE:KD) by 51.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 274,897 shares of the company’s stock after purchasing an additional 93,302 shares during the quarter. Thrivent Financial for Lutherans owned about 0.12% of Kyndryl worth $9,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new stake in Kyndryl during the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC lifted its holdings in Kyndryl by 35.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $39,000 after buying an additional 297 shares in the last quarter. AlphaQuest LLC boosted its holdings in Kyndryl by 147.3% in the fourth quarter. AlphaQuest LLC now owns 1,877 shares of the company’s stock valued at $65,000 after purchasing an additional 1,118 shares during the period. UMB Bank n.a. grew its stake in Kyndryl by 27.1% during the 4th quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock worth $66,000 after purchasing an additional 408 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Kyndryl by 27.5% during the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock worth $80,000 after purchasing an additional 496 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KD has been the subject of several analyst reports. Susquehanna boosted their target price on Kyndryl from $40.00 to $46.00 and gave the stock a “positive” rating in a research note on Wednesday, February 5th. Oppenheimer boosted their target price on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th.

Kyndryl Trading Up 1.0 %

NYSE:KD opened at $34.57 on Friday. The stock has a 50-day simple moving average of $38.10 and a 200-day simple moving average of $31.98. The stock has a market cap of $8.04 billion, a P/E ratio of 62.85, a P/E/G ratio of 10.84 and a beta of 1.85. Kyndryl Holdings, Inc. has a 1 year low of $19.24 and a 1 year high of $43.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Transactions at Kyndryl

In related news, General Counsel Edward Sebold sold 27,500 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.83, for a total value of $1,177,825.00. Following the completion of the sale, the general counsel now directly owns 132,818 shares of the company’s stock, valued at $5,688,594.94. This represents a 17.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vineet Khurana sold 55,465 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.81, for a total value of $2,374,456.65. Following the completion of the sale, the senior vice president now directly owns 43,877 shares of the company’s stock, 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. Insiders own 1.04% of the company’s stock.

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.