Cambria Investment Management L.P. decreased its position in Unisys Co. (NYSE:UIS) by 25.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,479 shares of the information technology services provider’s stock after selling 2,961 shares during the quarter. Cambria Investment Management L.P.’s holdings in Unisys were worth $99,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Unisys by 127.2% during the third quarter. Bank of New York Mellon Corp now owns 652,922 shares of the information technology services provider’s stock valued at $13,319,000 after buying an additional 365,506 shares in the last quarter. Morgan Stanley lifted its stake in Unisys by 30.3% in the 3rd quarter. Morgan Stanley now owns 612,631 shares of the information technology services provider’s stock worth $12,498,000 after acquiring an additional 142,488 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Unisys by 1.6% during the 3rd quarter. Teachers Advisors LLC now owns 100,506 shares of the information technology services provider’s stock worth $2,050,000 after purchasing an additional 1,574 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Unisys by 73.8% during the 4th quarter. Bank of Montreal Can now owns 177,400 shares of the information technology services provider’s stock valued at $2,063,000 after acquiring an additional 75,357 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Unisys by 31.7% during the 4th quarter. Strs Ohio now owns 57,300 shares of the information technology services provider’s stock valued at $666,000 after acquiring an additional 13,800 shares during the last quarter.
Several research firms recently commented on UIS. Sidoti began coverage on Unisys in a research report on Thursday. They set a “buy” rating for the company. Zacks Investment Research cut Unisys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine cut Unisys from a “hold” rating to a “sell” rating in a research note on Saturday, April 13th. Finally, SunTrust Banks cut their price target on Unisys to $17.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.67.
Unisys (NYSE:UIS) last posted its quarterly earnings results on Thursday, May 2nd. The information technology services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.13). Unisys had a negative return on equity of 10.47% and a net margin of 0.55%. The company had revenue of $695.80 million during the quarter, compared to the consensus estimate of $646.30 million. During the same period last year, the firm posted $0.19 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts anticipate that Unisys Co. will post 1.95 earnings per share for the current year.
Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.
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