Dimensional Fund Advisors LP Sells 6,591 Shares of Unisys Corporation (UIS)
Dimensional Fund Advisors LP reduced its stake in Unisys Corporation (NYSE:UIS) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 1,273,203 shares of the information technology services provider’s stock after selling 6,591 shares during the period. Dimensional Fund Advisors LP’s holdings in Unisys Corporation were worth $17,761,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UIS. Quantbot Technologies LP raised its position in Unisys Corporation by 976.9% in the first quarter. Quantbot Technologies LP now owns 11,910 shares of the information technology services provider’s stock valued at $166,000 after buying an additional 10,804 shares during the last quarter. Legal & General Group Plc raised its position in Unisys Corporation by 7.1% in the first quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock valued at $175,000 after buying an additional 821 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in Unisys Corporation during the first quarter valued at approximately $203,000. Quantitative Investment Management LLC bought a new position in Unisys Corporation during the first quarter valued at approximately $251,000. Finally, OppenheimerFunds Inc. bought a new position in Unisys Corporation during the first quarter valued at approximately $257,000.
Unisys Corporation (NYSE:UIS) traded up 2.63% on Friday, hitting $8.21. The stock had a trading volume of 669,326 shares. The company’s market cap is $414.35 million. The firm’s 50-day moving average is $11.91 and its 200-day moving average is $12.65. Unisys Corporation has a 52-week low of $7.95 and a 52-week high of $16.70.
Unisys Corporation (NYSE:UIS) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.34. The company had revenue of $666.20 million during the quarter, compared to analyst estimates of $674.55 million. Unisys Corporation had a negative net margin of 3.81% and a negative return on equity of 5.94%. The business’s revenue was down 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. Equities research analysts anticipate that Unisys Corporation will post ($1.94) earnings per share for the current fiscal year.
Several research analysts have recently commented on the company. BidaskClub lowered Unisys Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. SunTrust Banks, Inc. set a $15.00 price target on Unisys Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. ValuEngine lowered Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Unisys Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.67.
In other Unisys Corporation news, Director Alison Davis sold 10,639 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $12.35, for a total transaction of $131,391.65. Following the transaction, the director now owns 44,393 shares in the company, valued at approximately $548,253.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.
About Unisys Corporation
Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.
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