First Heartland Consultants Inc. Buys 23,200 Shares of Unisys Corporation (UIS)
First Heartland Consultants Inc. increased its stake in shares of Unisys Corporation (NYSE:UIS) by 24.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,700 shares of the information technology services provider’s stock after acquiring an additional 23,200 shares during the quarter. First Heartland Consultants Inc. owned approximately 0.23% of Unisys worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of UIS. Legal & General Group Plc grew its position in Unisys by 7.1% during the 1st quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock worth $175,000 after acquiring an additional 821 shares during the last quarter. State Street Corp grew its position in Unisys by 4.2% during the 1st quarter. State Street Corp now owns 1,006,109 shares of the information technology services provider’s stock worth $14,031,000 after acquiring an additional 40,395 shares during the last quarter. Bank of Montreal Can grew its position in Unisys by 22.7% during the 2nd quarter. Bank of Montreal Can now owns 135,000 shares of the information technology services provider’s stock worth $1,728,000 after acquiring an additional 25,000 shares during the last quarter. Strs Ohio grew its position in Unisys by 9.0% during the 2nd quarter. Strs Ohio now owns 59,600 shares of the information technology services provider’s stock worth $762,000 after acquiring an additional 4,900 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new stake in shares of Unisys in the 2nd quarter worth approximately $148,000.
A number of equities research analysts have recently weighed in on the company. Loop Capital cut their price objective on Unisys from $12.00 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, October 31st. ValuEngine upgraded Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Unisys from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub upgraded Unisys from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Unisys currently has a consensus rating of “Hold” and a consensus target price of $12.00.
Unisys (NYSE:UIS) last issued its quarterly earnings data on Monday, October 30th. The information technology services provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.87. The firm had revenue of $666.30 million for the quarter, compared to analyst estimates of $637.10 million. Unisys had a negative return on equity of 5.32% and a negative net margin of 4.30%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. research analysts forecast that Unisys Corporation will post 1.39 EPS for the current fiscal year.
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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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