Mutual of America Capital Management LLC Sells 2,262 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Mutual of America Capital Management LLC cut its holdings in Kyndryl Holdings, Inc. (NYSE:KD) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,695 shares of the company’s stock after selling 2,262 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kyndryl were worth $4,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Westfield Capital Management Co. LP boosted its position in Kyndryl by 62.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after acquiring an additional 1,254,208 shares in the last quarter. Tidal Investments LLC boosted its position in Kyndryl by 45.9% during the 3rd quarter. Tidal Investments LLC now owns 102,270 shares of the company’s stock valued at $2,350,000 after acquiring an additional 32,173 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in Kyndryl during the 4th quarter valued at approximately $255,000. National Bank of Canada FI boosted its position in Kyndryl by 33.7% during the 3rd quarter. National Bank of Canada FI now owns 656,901 shares of the company’s stock valued at $15,096,000 after acquiring an additional 165,481 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Kyndryl by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,968,175 shares of the company’s stock valued at $45,229,000 after acquiring an additional 76,670 shares in the last quarter. 71.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on KD. Oppenheimer lifted their price objective on Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Bank of America assumed coverage on shares of Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price for the company. Finally, Susquehanna lifted their target price on shares of Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th.

Kyndryl Price Performance

KD stock opened at $37.13 on Thursday. The firm has a 50 day moving average price of $38.44 and a 200-day moving average price of $31.00. Kyndryl Holdings, Inc. has a 52-week low of $19.24 and a 52-week high of $43.61. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 67.50, a PEG ratio of 10.84 and a beta of 1.86. 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 Buying and Selling

In related news, SVP Vineet Khurana sold 55,465 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 43,877 shares in the company, valued at $1,878,374.37. The trade was a 55.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Edward Sebold sold 27,500 shares of the business’s stock in a transaction that occurred on 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 approximately $5,688,594.94. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is owned by company 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.