Bank of New York Mellon Corp increased its position in shares of Unisys Corporation (NYSE:UIS) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 233,569 shares of the information technology services provider’s stock after buying an additional 2,409 shares during the period. Bank of New York Mellon Corp owned 0.46% of Unisys Corporation worth $3,257,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of UIS. Federated Investors Inc. PA bought a new position in Unisys Corporation during the fourth quarter worth approximately $198,000. Norges Bank bought a new position in Unisys Corporation during the fourth quarter worth approximately $1,951,000. Russell Investments Group Ltd. bought a new position in Unisys Corporation during the fourth quarter worth approximately $1,668,000. Stoneridge Investment Partners LLC bought a new position in Unisys Corporation during the first quarter worth approximately $203,000. Finally, Nationwide Fund Advisors increased its position in Unisys Corporation by 24.8% in the first quarter. Nationwide Fund Advisors now owns 222,649 shares of the information technology services provider’s stock worth $3,106,000 after buying an additional 44,243 shares during the period.
Shares of Unisys Corporation (UIS) traded down 3.98% on Tuesday, reaching $8.45. 1,041,888 shares of the company’s stock traded hands. The company has a 50 day moving average of $12.76 and a 200-day moving average of $12.90. The stock’s market capitalization is $426.19 million. Unisys Corporation has a 52 week low of $8.40 and a 52 week high of $16.70.
Unisys Corporation (NYSE:UIS) last released its earnings results on Tuesday, August 1st. The information technology services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.34. Unisys Corporation had a negative net margin of 3.81% and a negative return on equity of 5.94%. The business had revenue of $666.20 million for the quarter, compared to the consensus estimate of $674.55 million. During the same quarter in the previous year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. Equities research analysts forecast that Unisys Corporation will post ($1.94) earnings per share for the current year.
UIS has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Unisys Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday. SunTrust Banks, Inc. set a $15.00 target price on shares of Unisys Corporation and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Unisys Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, ValuEngine downgraded shares of Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average 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 on Friday, June 2nd. The shares were sold at an average price of $12.35, for a total transaction of $131,391.65. Following the completion of the sale, the director now owns 44,393 shares in the company, valued at $548,253.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is 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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