State Board of Administration of Florida Retirement System Sells 43,482 Shares of Unisys Co. (UIS)
State Board of Administration of Florida Retirement System reduced its position in Unisys Co. (NYSE:UIS) by 33.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,013 shares of the information technology services provider’s stock after selling 43,482 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Unisys were worth $1,734,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Unisys in the 3rd quarter worth about $546,000. Acadian Asset Management LLC grew its position in shares of Unisys by 254.5% in the 3rd quarter. Acadian Asset Management LLC now owns 451,392 shares of the information technology services provider’s stock worth $9,208,000 after buying an additional 324,058 shares during the period. G&S Capital LLC purchased a new stake in shares of Unisys in the 3rd quarter worth about $471,000. Arizona State Retirement System purchased a new stake in shares of Unisys in the 3rd quarter worth about $1,510,000. Finally, Russell Investments Group Ltd. grew its position in shares of Unisys by 65.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 50,008 shares of the information technology services provider’s stock worth $1,020,000 after buying an additional 19,708 shares during the period.
A number of analysts have recently weighed in on UIS shares. Zacks Investment Research downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Monday, November 12th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $16.00 target price on shares of Unisys in a research report on Wednesday, August 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.33.
Unisys (NYSE:UIS) last announced its quarterly earnings results on Thursday, November 8th. The information technology services provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.02). The firm had revenue of $688.30 million during the quarter, compared to the consensus estimate of $669.60 million. Unisys had a negative return on equity of 15.39% and a net margin of 3.62%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, analysts expect that Unisys Co. will post 1.64 earnings per share for the current year.
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Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.
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