Mutual of America Capital Management LLC Has $2.94 Million Stock Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Mutual of America Capital Management LLC lowered its stake in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,241 shares of the company’s stock after selling 6,999 shares during the period. Mutual of America Capital Management LLC’s holdings in Kyndryl were worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Kyndryl by 6.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 148,331 shares of the company’s stock valued at $1,946,000 after purchasing an additional 8,824 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Kyndryl by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,604,898 shares of the company’s stock valued at $21,054,000 after purchasing an additional 6,965 shares in the last quarter. Natixis Advisors L.P. bought a new position in shares of Kyndryl during the 1st quarter valued at about $203,000. MetLife Investment Management LLC lifted its holdings in shares of Kyndryl by 34.6% during the 1st quarter. MetLife Investment Management LLC now owns 116,861 shares of the company’s stock valued at $1,533,000 after purchasing an additional 30,050 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Kyndryl by 1.8% during the 1st quarter. Rhumbline Advisers now owns 524,670 shares of the company’s stock valued at $6,884,000 after purchasing an additional 9,314 shares in the last quarter. Institutional investors own 71.53% of the company’s stock.

Analysts Set New Price Targets

KD has been the topic of several recent analyst reports. Susquehanna upgraded Kyndryl from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $19.00 to $27.00 in a report on Monday, February 12th. Evercore ISI raised Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Monday, January 8th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $25.00.

Kyndryl Stock Down 0.3 %

NYSE:KD opened at $19.64 on Friday. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of -4.34, a price-to-earnings-growth ratio of 5.55 and a beta of 1.54. Kyndryl Holdings, Inc. has a twelve month low of $11.35 and a twelve month high of $22.90. The stock’s 50 day moving average price is $21.53 and its two-hundred day moving average price is $19.39. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.03.

Kyndryl (NYSE:KD) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. Kyndryl had a negative return on equity of 7.39% and a negative net margin of 6.27%. Equities research analysts expect that Kyndryl Holdings, Inc. will post -0.57 earnings per share for the current fiscal year.

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.