Assenagon Asset Management S.A. Decreases Stock Position in Unisys Corporation $UIS

Assenagon Asset Management S.A. reduced its holdings in shares of Unisys Corporation (NYSE:UIS) by 74.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,011 shares of the information technology services provider’s stock after selling 558,017 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Unisys were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP lifted its holdings in shares of Unisys by 445.7% in the fourth quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 8,335 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Unisys during the 3rd quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Unisys by 100,000.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 10,000 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Unisys during the 3rd quarter worth approximately $39,000. Finally, AXQ Capital LP acquired a new position in shares of Unisys during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

Analyst Upgrades and Downgrades

UIS has been the topic of a number of analyst reports. Wall Street Zen cut Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Needham & Company LLC boosted their price target on Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th. Finally, Zacks Research upgraded Unisys from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.33.

Unisys Stock Down 0.4%

NYSE:UIS opened at $3.73 on Friday. The company has a market cap of $272.28 million, a P/E ratio of -0.77, a P/E/G ratio of 0.34 and a beta of 1.87. The firm’s 50 day moving average is $3.45 and its two-hundred day moving average is $2.84. Unisys Corporation has a fifty-two week low of $1.97 and a fifty-two week high of $4.98.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.12. The company had revenue of $437.60 million during the quarter, compared to analysts’ expectations of $415.64 million. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. Research analysts forecast that Unisys Corporation will post 0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Philippe Germond sold 20,000 shares of Unisys stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $4.15, for a total value of $83,000.00. Following the transaction, the director owned 236,453 shares in the company, valued at approximately $981,279.95. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 43,846 shares of company stock valued at $156,102 in the last 90 days. 11.56% of the stock is currently owned by company insiders.

About Unisys

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.