D.A. Davidson & CO. lowered its position in shares of Unisys Corporation (NYSE:UIS) by 22.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,750 shares of the information technology services provider’s stock after selling 2,800 shares during the quarter. D.A. Davidson & CO.’s holdings in Unisys Corporation were worth $124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Schroder Investment Management Group raised its stake in Unisys Corporation by 1.9% during the second quarter. Schroder Investment Management Group now owns 23,936 shares of the information technology services provider’s stock valued at $305,000 after buying an additional 441 shares in the last quarter. Rhumbline Advisers raised its stake in Unisys Corporation by 1.3% during the second quarter. Rhumbline Advisers now owns 59,671 shares of the information technology services provider’s stock valued at $764,000 after buying an additional 740 shares in the last quarter. Legal & General Group Plc raised its stake in Unisys Corporation by 7.1% during 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 in the last quarter. Saba Capital Management L.P. raised its stake in Unisys Corporation by 2.5% during the first quarter. Saba Capital Management L.P. now owns 81,644 shares of the information technology services provider’s stock valued at $1,139,000 after buying an additional 2,007 shares in the last quarter. Finally, American International Group Inc. raised its stake in Unisys Corporation by 7.1% during the first quarter. American International Group Inc. now owns 30,935 shares of the information technology services provider’s stock valued at $432,000 after buying an additional 2,047 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: “D.A. Davidson & CO. Cuts Holdings in Unisys Corporation (UIS)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/10/11/d-a-davidson-co-cuts-holdings-in-unisys-corporation-uis.html.

Several brokerages have issued reports on UIS. Zacks Investment Research upgraded Unisys Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine upgraded Unisys Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. BidaskClub upgraded Unisys Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, SunTrust Banks, Inc. set a $15.00 price objective on Unisys Corporation and gave the company a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Shares of Unisys Corporation (NYSE UIS) opened at 9.05 on Wednesday. Unisys Corporation has a 12 month low of $6.90 and a 12 month high of $16.70. The firm’s market capitalization is $456.74 million. The stock’s 50 day moving average price is $8.17 and its 200-day moving average price is $10.93.

Unisys Corporation (NYSE:UIS) last announced its quarterly earnings results 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). The business had revenue of $666.20 million for the quarter, compared to the consensus estimate of $674.55 million. Unisys Corporation had a negative return on equity of 5.94% and a negative net margin of 3.81%. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 EPS. On average, equities analysts anticipate that Unisys Corporation will post ($1.94) earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Unisys Corporation (NYSE:UIS)

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