WealthTrust Axiom LLC reduced its position in shares of Unisys Corporation (NYSE:UIS) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 79,510 shares of the information technology services provider’s stock after selling 1,100 shares during the period. WealthTrust Axiom LLC’s holdings in Unisys Corporation were worth $1,017,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Strs Ohio boosted its stake in shares of Unisys Corporation by 9.0% in the second quarter. Strs Ohio now owns 59,600 shares of the information technology services provider’s stock valued at $762,000 after buying an additional 4,900 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Unisys Corporation by 54.8% in the second quarter. Acadian Asset Management LLC now owns 51,721 shares of the information technology services provider’s stock valued at $662,000 after buying an additional 18,312 shares during the last quarter. First Quadrant L P CA acquired a new stake in shares of Unisys Corporation during the second quarter valued at approximately $271,000. Adams Asset Advisors LLC boosted its stake in shares of Unisys Corporation by 13.4% in the second quarter. Adams Asset Advisors LLC now owns 72,593 shares of the information technology services provider’s stock valued at $929,000 after buying an additional 8,583 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Unisys Corporation by 22.7% in the second quarter. Bank of Montreal Can now owns 135,000 shares of the information technology services provider’s stock valued at $1,728,000 after buying an additional 25,000 shares during the last quarter.
Shares of Unisys Corporation (UIS) opened at 8.80 on Monday. Unisys Corporation has a one year low of $8.70 and a one year high of $16.70. The stock’s 50 day moving average price is $12.76 and its 200 day moving average price is $12.90. The company’s market cap is $443.85 million.
Unisys Corporation (NYSE:UIS) last posted 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. Unisys Corporation had a negative return on equity of 5.94% and a negative net margin of 3.81%. The business had revenue of $666.20 million for the quarter, compared to analyst estimates of $674.55 million. During the same period last year, the firm posted $0.81 EPS. Unisys Corporation’s quarterly revenue was down 11.0% on a year-over-year basis. Equities analysts predict that Unisys Corporation will post ($1.94) earnings per share for the current fiscal year.
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Several analysts have recently commented on the company. BidaskClub cut Unisys Corporation from a “hold” rating to a “sell” rating in a report on Saturday. SunTrust Banks, Inc. set a $15.00 target price on Unisys Corporation and gave the stock a “buy” rating in a report on Wednesday, August 2nd. ValuEngine cut Unisys Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research cut Unisys Corporation from a “hold” rating to a “strong sell” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Unisys Corporation presently has a consensus rating of “Hold” and an average target price of $13.67.
In other news, Director Alison Davis sold 10,639 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $12.35, for a total transaction of $131,391.65. Following the completion of the transaction, the director now owns 44,393 shares of the company’s stock, valued at approximately $548,253.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by 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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