Russell Investments Group Ltd. raised its stake in Unisys Co. (NYSE:UIS) by 67.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 973,592 shares of the information technology services provider’s stock after acquiring an additional 391,439 shares during the period. Russell Investments Group Ltd. owned 1.54% of Unisys worth $19,155,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of UIS. Louisiana State Employees Retirement System boosted its stake in Unisys by 105.9% in the third quarter. Louisiana State Employees Retirement System now owns 29,200 shares of the information technology services provider’s stock valued at $312,000 after acquiring an additional 15,020 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Unisys by 230.9% during the third quarter. Nisa Investment Advisors LLC now owns 3,905 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 2,725 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Unisys during the third quarter valued at approximately $264,000. Comerica Bank raised its holdings in shares of Unisys by 18.9% during the third quarter. Comerica Bank now owns 65,842 shares of the information technology services provider’s stock valued at $796,000 after buying an additional 10,464 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Unisys by 211.6% during the third quarter. BNP Paribas Arbitrage SA now owns 15,775 shares of the information technology services provider’s stock valued at $168,000 after buying an additional 10,713 shares during the last quarter. Institutional investors own 98.65% of the company’s stock.
Separately, Sidoti initiated coverage on Unisys in a report on Monday, December 7th. They set a “buy” rating on the stock.
Unisys (NYSE:UIS) last released its quarterly earnings results on Monday, February 22nd. The information technology services provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.28. Unisys had a negative return on equity of 14.56% and a net margin of 41.67%. The company had revenue of $576.90 million for the quarter, compared to analysts’ expectations of $556.17 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was down 22.2% compared to the same quarter last 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. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security consulting services, the Unisys Incident Response Ecosystem subscription service, and the TrustCheck cyber risk management solution.
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