Geode Capital Management LLC Raises Position in Unisys Corporation (NYSE:UIS)
Geode Capital Management LLC raised its stake in shares of Unisys Corporation (NYSE:UIS) by 6.3% during the first quarter, Holdings Channel reports. The firm owned 363,586 shares of the information technology services provider’s stock after buying an additional 21,585 shares during the period. Geode Capital Management LLC’s holdings in Unisys Corporation were worth $5,072,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. 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 period. 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 period. Stoneridge Investment Partners LLC acquired a new position in Unisys Corporation during the first quarter valued at approximately $203,000. Quantitative Investment Management LLC acquired a new position in Unisys Corporation during the first quarter valued at approximately $251,000. Finally, OppenheimerFunds Inc. acquired a new position in Unisys Corporation during the first quarter valued at approximately $257,000.
Unisys Corporation (UIS) traded up 2.63% on Friday, reaching $8.21. 669,326 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $11.91 and a 200-day moving average of $12.65. Unisys Corporation has a 12 month low of $7.95 and a 12 month high of $16.70. The firm’s market capitalization is $414.35 million.
Unisys Corporation (NYSE:UIS) last issued its earnings results on Tuesday, August 1st. The information technology services provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.34. The business had revenue of $666.20 million for the quarter, compared to analyst estimates of $674.55 million. Unisys Corporation had a negative return on equity of 5.94% and a negative net margin of 3.81%. The firm’s revenue was down 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. On average, equities analysts expect that Unisys Corporation will post ($1.94) earnings per share for the current year.
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Several research analysts have recently commented on the stock. BidaskClub lowered shares of Unisys Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. SunTrust Banks, Inc. set a $15.00 price target on shares of Unisys Corporation and gave the company a “buy” rating in a report on Wednesday, August 2nd. ValuEngine lowered shares of Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research lowered shares of Unisys Corporation from a “hold” rating to a “strong sell” rating in a research note 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 assigned a buy rating to the stock. The company presently has an average 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 dated Friday, June 2nd. The stock was sold at an average price of $12.35, for a total transaction of $131,391.65. Following the completion of the transaction, the director now owns 44,393 shares of the company’s stock, valued at $548,253.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.
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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