Smith Asset Management Group LP bought a new position in shares of Unisys Corp. (NYSE:UIS) during the second quarter, Holdings Channel reports. The fund bought 44,710 shares of the company’s stock, valued at approximately $325,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Menta Capital LLC purchased a new position in Unisys Corp. during the first quarter worth $634,000. Bayesian Capital Management LP bought a new stake in shares of Unisys Corp. during the first quarter valued at approximately $150,000. Fairpointe Capital LLC boosted its stake in shares of Unisys Corp. by 2.3% in the first quarter. Fairpointe Capital LLC now owns 6,711,614 shares of the company’s stock valued at $51,679,000 after buying an additional 151,979 shares during the last quarter. Credit Agricole S A bought a new stake in shares of Unisys Corp. during the first quarter valued at approximately $263,000. Finally, Geode Capital Management LLC boosted its stake in shares of Unisys Corp. by 1.1% in the first quarter. Geode Capital Management LLC now owns 313,282 shares of the company’s stock valued at $2,412,000 after buying an additional 3,400 shares during the last quarter.
Shares of Unisys Corp. (NYSE:UIS) traded down 0.43% during mid-day trading on Tuesday, hitting $9.28. 814,648 shares of the stock traded hands. The firm has a 50 day moving average of $9.94 and a 200 day moving average of $8.37. Unisys Corp. has a 12 month low of $6.72 and a 12 month high of $14.96. The company’s market cap is $464.75 million.
Unisys Corp. (NYSE:UIS) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.61) by $1.42. The firm had revenue of $748.90 million for the quarter, compared to analyst estimates of $683.83 million. Unisys Corp. had a negative net margin of 0.91% and a negative return on equity of 12.92%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities analysts anticipate that Unisys Corp. will post ($0.56) EPS for the current fiscal year.
UIS has been the topic of several research analyst reports. SunTrust Banks Inc. initiated coverage on shares of Unisys Corp. in a research note on Tuesday, June 21st. They issued a “buy” rating and a $11.00 price target on the stock. Zacks Investment Research upgraded shares of Unisys Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 22nd.
In other news, Director Nathaniel A. Davis sold 38,200 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $10.43, for a total value of $398,426.00. Following the sale, the director now owns 3,654 shares in the company, valued at $38,111.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.
About Unisys Corp.
Unisys Corporation is an information technology (IT) company. The Company operates through two segments. Its Services segment includes cloud and infrastructure services, application services and business process outsourcing services. In cloud and infrastructure services, it helps clients apply cloud and as-a-service delivery models to manage and secure their IT infrastructure and operations.
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