Bank of New York Mellon Corp Sells 7,961 Shares of Unisys Corp. (UIS)
Bank of New York Mellon Corp reduced its stake in Unisys Corp. (NYSE:UIS) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,340 shares of the company’s stock after selling 7,961 shares during the period. Bank of New York Mellon Corp owned 0.41% of Unisys Corp. worth $1,487,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Diligent Investors LLC increased its stake in shares of Unisys Corp. by 5.5% in the second quarter. Diligent Investors LLC now owns 19,733 shares of the company’s stock valued at $144,000 after buying an additional 1,033 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Unisys Corp. by 1.1% in the first quarter. Geode Capital Management LLC now owns 313,282 shares of the company’s stock valued at $2,412,000 after buying an additional 3,400 shares during the last quarter. Pinnacle Holdings LLC increased its stake in shares of Unisys Corp. by 9.1% in the first quarter. Pinnacle Holdings LLC now owns 47,925 shares of the company’s stock valued at $369,000 after buying an additional 4,010 shares during the last quarter. Strs Ohio increased its stake in shares of Unisys Corp. by 7.8% in the second quarter. Strs Ohio now owns 89,400 shares of the company’s stock valued at $650,000 after buying an additional 6,500 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Unisys Corp. by 113.8% in the second quarter. BNP Paribas Arbitrage SA now owns 14,472 shares of the company’s stock valued at $105,000 after buying an additional 7,704 shares during the last quarter.
Shares of Unisys Corp. (NYSE:UIS) traded up 1.572% during trading on Monday, hitting $10.015. The stock had a trading volume of 166,579 shares. The stock’s market capitalization is $501.56 million. Unisys Corp. has a 52 week low of $6.72 and a 52 week high of $14.96. The stock’s 50 day moving average is $9.79 and its 200 day moving average is $8.49.
Unisys Corp. (NYSE:UIS) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of ($0.61) by $1.42. Unisys Corp. had a negative return on equity of 12.92% and a negative net margin of 0.91%. The company had revenue of $748.90 million for the quarter, compared to analyst estimates of $683.83 million. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts expect that Unisys Corp. will post ($0.56) earnings per share for the current fiscal year.
UIS has been the topic of several recent analyst reports. Zacks Investment Research raised Unisys Corp. from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research note on Tuesday, July 19th. SunTrust Banks Inc. started coverage on Unisys Corp. in a research report on Tuesday, June 21st. They set a “buy” rating and a $11.00 price target on the stock.
In other news, Director Nathaniel A. Davis sold 38,200 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $10.43, for a total value of $398,426.00. Following the transaction, the director now directly owns 3,654 shares of the company’s stock, valued at approximately $38,111.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.
Unisys Corp. Company Profile
Unisys Corporation is an information technology (IT) company. The Company operates through two segments. Its Services segment includes cloud and infrastructure services, application services and business process outsourcing services. In cloud and infrastructure services, it helps clients apply cloud and as-a-service delivery models to manage and secure their IT infrastructure and operations.
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