Unisys Co. (UIS) Position Trimmed by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in Unisys Co. (NYSE:UIS) by 28.0% during the second quarter, HoldingsChannel reports. The firm owned 319,927 shares of the information technology services provider’s stock after selling 124,540 shares during the period. California Public Employees Retirement System’s holdings in Unisys were worth $4,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UIS. Element Capital Management LLC purchased a new stake in Unisys in the first quarter valued at approximately $188,000. Point72 Asset Management L.P. bought a new position in Unisys during the first quarter valued at approximately $4,064,000. Millennium Management LLC grew its position in Unisys by 216.8% during the first quarter. Millennium Management LLC now owns 830,903 shares of the information technology services provider’s stock valued at $8,932,000 after acquiring an additional 568,584 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Unisys during the first quarter valued at approximately $303,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Unisys during the second quarter valued at approximately $195,000.

Shares of NYSE UIS opened at $18.76 on Friday. Unisys Co. has a one year low of $7.20 and a one year high of $20.95. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of -0.51. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 7.75 and a beta of 1.49.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Tuesday, July 31st. The information technology services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.21. Unisys had a net margin of 1.95% and a negative return on equity of 13.59%. The business had revenue of $667.40 million for the quarter, compared to analysts’ expectations of $661.00 million. As a group, sell-side analysts predict that Unisys Co. will post 1.92 EPS for the current fiscal year.

UIS has been the topic of a number of recent research reports. ValuEngine upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. SunTrust Banks reiterated a “buy” rating and set a $16.00 price target on shares of Unisys in a research report on Wednesday, August 1st. Loop Capital increased their price target on shares of Unisys to $13.00 and gave the company a “hold” rating in a research report on Monday, June 25th. Finally, Zacks Investment Research upgraded shares of Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Thursday, August 2nd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Unisys has an average rating of “Buy” and a consensus target price of $15.33.

About Unisys

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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Institutional Ownership by Quarter for Unisys (NYSE:UIS)

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