Menta Capital LLC Trims Stake in Unisys Corporation (UIS)
Menta Capital LLC trimmed its position in shares of Unisys Corporation (NYSE:UIS) by 20.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,935 shares of the information technology services provider’s stock after selling 44,400 shares during the quarter. Menta Capital LLC owned approximately 0.34% of Unisys Corporation worth $2,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in UIS. Cigna Investments Inc. New acquired a new stake in Unisys Corporation in the 2nd quarter worth approximately $148,000. Quantbot Technologies LP lifted its holdings in Unisys Corporation by 976.9% in the 1st quarter. Quantbot Technologies LP now owns 11,910 shares of the information technology services provider’s stock worth $166,000 after purchasing an additional 10,804 shares during the last quarter. Legal & General Group Plc lifted its holdings in Unisys Corporation by 7.1% in the 1st quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock worth $175,000 after purchasing an additional 821 shares during the last quarter. FNY Partners Fund LP acquired a new stake in Unisys Corporation in the 1st quarter worth approximately $174,000. Finally, Quantitative Investment Management LLC acquired a new stake in Unisys Corporation in the 1st quarter worth approximately $251,000.
Unisys Corporation (NYSE:UIS) opened at 8.275 on Thursday. The firm has a 50-day moving average price of $8.14 and a 200 day moving average price of $11.55. The company’s market capitalization is $417.63 million. Unisys Corporation has a 12 month low of $6.90 and a 12 month high of $16.70.
Unisys Corporation (NYSE:UIS) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.34). Unisys Corporation had a negative net margin of 3.81% and a negative return on equity of 5.94%. The company had revenue of $666.20 million for the quarter, compared to analyst estimates of $674.55 million. During the same period last year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. Analysts expect that Unisys Corporation will post ($1.94) EPS for the current year.
Several research firms recently weighed in on UIS. BidaskClub lowered Unisys Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. 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 lowered Unisys Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Unisys Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $13.67.
Unisys Corporation Profile
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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