Mutual of America Capital Management LLC Sells 4,043 Shares of Kyndryl Holdings, Inc. $KD

Mutual of America Capital Management LLC reduced its stake in Kyndryl Holdings, Inc. (NYSE:KDFree Report) by 3.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 115,720 shares of the company’s stock after selling 4,043 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kyndryl were worth $4,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ST Germain D J Co. Inc. grew its stake in shares of Kyndryl by 135.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 668 shares of the company’s stock valued at $28,000 after buying an additional 384 shares during the period. Quarry LP bought a new position in Kyndryl in the first quarter worth approximately $28,000. Hollencrest Capital Management grew its stake in Kyndryl by 637.7% in the first quarter. Hollencrest Capital Management now owns 900 shares of the company’s stock valued at $28,000 after acquiring an additional 778 shares during the period. Compass Financial Services Inc acquired a new stake in Kyndryl in the first quarter valued at approximately $30,000. Finally, Virtus Advisers LLC bought a new stake in shares of Kyndryl during the first quarter valued at approximately $31,000. Institutional investors own 71.53% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on KD. Zacks Research downgraded shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Wall Street Zen downgraded shares of Kyndryl from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a research report on Wednesday, October 8th. Oppenheimer boosted their price objective on Kyndryl from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Finally, Morgan Stanley began coverage on Kyndryl in a report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.00.

Read Our Latest Report on KD

Kyndryl Stock Performance

Shares of KD opened at $28.30 on Thursday. The stock has a 50 day moving average of $30.57 and a 200 day moving average of $34.63. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. Kyndryl Holdings, Inc. has a 12 month low of $22.68 and a 12 month high of $44.20. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 3.21 and a beta of 1.85.

Kyndryl (NYSE:KDGet Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Kyndryl had a return on equity of 19.88% and a net margin of 1.97%.The business’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. Kyndryl has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Kyndryl Holdings, Inc. will post 0.73 earnings per share for the current year.

About Kyndryl

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kyndryl (NYSE:KD)

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