Swiss National Bank continued to hold its stake in Unisys Corp. (NYSE:UIS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,500 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.16% of Unisys Corp. worth $571,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of UIS. BNP Paribas Arbitrage SA boosted its stake in Unisys Corp. by 113.8% in the second quarter. BNP Paribas Arbitrage SA now owns 14,472 shares of the company’s stock worth $105,000 after buying an additional 7,704 shares in the last quarter. Diligent Investors LLC boosted its stake in Unisys Corp. by 5.5% in the second quarter. Diligent Investors LLC now owns 19,733 shares of the company’s stock worth $144,000 after buying an additional 1,033 shares in the last quarter. Bayesian Capital Management LP bought a new stake in Unisys Corp. during the first quarter worth about $150,000. Boothbay Fund Management LLC boosted its stake in Unisys Corp. by 87.7% in the first quarter. Boothbay Fund Management LLC now owns 26,939 shares of the company’s stock worth $207,000 after buying an additional 12,588 shares in the last quarter. Finally, Credit Agricole S A bought a new stake in Unisys Corp. during the first quarter worth about $263,000.
Unisys Corp. (NYSE:UIS) traded down 0.10% during trading on Friday, reaching $9.80. 54,929 shares of the company’s stock traded hands. Unisys Corp. has a 52-week low of $6.72 and a 52-week high of $14.96. The stock’s market cap is $490.79 million. The company’s 50 day moving average is $9.74 and its 200-day moving average is $8.54.
Unisys Corp. (NYSE:UIS) last issued its quarterly earnings results 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 company had revenue of $748.90 million for the quarter, compared to the consensus estimate of $683.83 million. Unisys Corp. had a negative net margin of 0.91% and a negative return on equity of 12.92%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. On average, analysts anticipate that Unisys Corp. will post ($0.56) earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Unisys Corp. from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research note on Tuesday, July 19th. SunTrust Banks Inc. assumed coverage on shares of Unisys Corp. in a research note on Tuesday, June 21st. They set a “buy” rating and a $11.00 target price for the company.
In related news, Director Nathaniel A. Davis sold 38,200 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $10.43, for a total value of $398,426.00. Following the transaction, the director now directly owns 3,654 shares of the company’s stock, valued at approximately $38,111.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate 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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