Unisys Corporation (UIS) Position Increased by Convergence Investment Partners LLC
Convergence Investment Partners LLC boosted its stake in shares of Unisys Corporation (NYSE:UIS) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,061 shares of the information technology services provider’s stock after buying an additional 2,576 shares during the period. Convergence Investment Partners LLC owned about 0.25% of Unisys Corporation worth $1,639,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in UIS. Cigna Investments Inc. New purchased a new stake in shares of Unisys Corporation during the second quarter valued at about $148,000. Quantbot Technologies LP increased its stake in shares of 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. FNY Partners Fund LP purchased a new stake in shares of Unisys Corporation during the first quarter valued at about $174,000. Legal & General Group Plc increased its stake in shares of 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. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of Unisys Corporation during the first quarter valued at about $203,000.
Unisys Corporation (UIS) opened at 8.40 on Tuesday. The stock’s market capitalization is $423.94 million. The stock’s 50 day moving average is $11.79 and its 200 day moving average is $12.60. Unisys Corporation has a 12-month low of $7.95 and a 12-month high of $16.70.
Unisys Corporation (NYSE:UIS) last issued its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.34. Unisys Corporation had a negative return on equity of 5.94% and a negative net margin of 3.81%. The company had revenue of $666.20 million for the quarter, compared to analyst estimates of $674.55 million. During the same quarter in the previous year, the business earned $0.81 earnings per share. The company’s revenue was down 11.0% on a year-over-year basis. Analysts forecast that Unisys Corporation will post ($1.94) EPS for the current year.
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Several analysts have issued reports on the stock. BidaskClub downgraded shares of Unisys Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Unisys Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. ValuEngine cut shares of Unisys Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.67.
In related news, Director Alison Davis sold 10,639 shares of the firm’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 sale, the director now directly owns 44,393 shares in the company, valued at $548,253.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.
Unisys Corporation Company Profile
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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