Globeflex Capital L P purchased a new stake in Unisys Co. (NYSE:UIS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,622 shares of the information technology services provider’s stock, valued at approximately $170,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Trust Advisors LP grew its holdings in Unisys by 34.2% during the third quarter. First Trust Advisors LP now owns 77,520 shares of the information technology services provider’s stock valued at $1,581,000 after purchasing an additional 19,764 shares during the period. Russell Investments Group Ltd. grew its holdings in Unisys by 65.0% during the third quarter. Russell Investments Group Ltd. now owns 50,008 shares of the information technology services provider’s stock valued at $1,020,000 after purchasing an additional 19,708 shares during the period. Comerica Bank bought a new position in Unisys during the third quarter valued at $939,000. Wells Fargo & Company MN lifted its position in shares of Unisys by 0.3% during the third quarter. Wells Fargo & Company MN now owns 956,923 shares of the information technology services provider’s stock worth $19,522,000 after acquiring an additional 3,314 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in shares of Unisys during the third quarter worth $4,916,000.

Several equities research analysts have issued reports on UIS shares. ValuEngine upgraded Unisys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Loop Capital set a $13.00 target price on Unisys and gave the stock a “hold” rating in a research report on Wednesday, December 12th. Finally, Zacks Investment Research upgraded Unisys from a “sell” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, January 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.33.

NYSE:UIS opened at $12.31 on Friday. The firm has a market cap of $637.17 million, a price-to-earnings ratio of 6.31 and a beta of 1.48. Unisys Co. has a 1 year low of $9.70 and a 1 year high of $20.95.

Unisys (NYSE:UIS) last posted its earnings results on Tuesday, February 12th. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.31. The firm had revenue of $760.90 million for the quarter, compared to the consensus estimate of $752.00 million. Unisys had a negative return on equity of 10.65% and a net margin of 2.67%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.75 earnings per share. As a group, sell-side analysts forecast that Unisys Co. will post 1.88 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Globeflex Capital L P Purchases Shares of 14,622 Unisys Co. (UIS)” was published by Daily Political and is the property of of Daily Political. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.dailypolitical.com/2019/03/24/globeflex-capital-l-p-purchases-shares-of-14622-unisys-co-uis.html.

Unisys Profile

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.

Further Reading: Economic Reports

Want to see what other hedge funds are holding UIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unisys Co. (NYSE:UIS).

Institutional Ownership by Quarter for Unisys (NYSE:UIS)

Receive News & Ratings for Unisys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unisys and related companies with MarketBeat.com's FREE daily email newsletter.