OppenheimerFunds Inc. Acquires New Stake in Unisys Corporation (UIS)
OppenheimerFunds Inc. bought a new stake in shares of Unisys Corporation (NYSE:UIS) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 18,419 shares of the information technology services provider’s stock, valued at approximately $257,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP increased its position in 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 last quarter. Federated Investors Inc. PA purchased a new position in Unisys Corporation during the fourth quarter valued at about $198,000. Stoneridge Investment Partners LLC purchased a new position in Unisys Corporation during the first quarter valued at about $203,000. Quantitative Investment Management LLC purchased a new position in Unisys Corporation during the first quarter valued at about $251,000. Finally, Schroder Investment Management Group bought a new stake in shares of Unisys Corporation during the first quarter valued at $332,000.
Unisys Corporation (NYSE:UIS) traded down 9.49% during midday trading on Friday, hitting $7.15. 1,676,400 shares of the stock traded hands. Unisys Corporation has a one year low of $7.10 and a one year high of $16.70. The company’s 50 day moving average is $11.20 and its 200-day moving average is $12.47. The company’s market cap is $360.85 million.
Unisys Corporation (NYSE:UIS) last released its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.34. The firm had revenue of $666.20 million for the quarter, compared to analyst estimates of $674.55 million. Unisys Corporation had a negative net margin of 3.81% and a negative return on equity of 5.94%. Unisys Corporation’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. On average, equities research analysts forecast that Unisys Corporation will post ($1.94) EPS for the current fiscal year.
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Several equities research analysts have weighed in on the company. BidaskClub downgraded Unisys Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. SunTrust Banks, Inc. set a $15.00 price target on Unisys Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. ValuEngine downgraded Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Unisys Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus 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 completion of the sale, the director now directly owns 44,393 shares of the company’s stock, valued at approximately $548,253.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by company 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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