PEAK6 Investments L.P. Sells 7,943 Shares of Unisys Corporation (UIS)
PEAK6 Investments L.P. reduced its holdings in shares of Unisys Corporation (NYSE:UIS) by 33.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,506 shares of the information technology services provider’s stock after selling 7,943 shares during the quarter. PEAK6 Investments L.P.’s holdings in Unisys were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Stifel Financial Corp purchased a new position in Unisys during the 2nd quarter valued at about $141,000. Cigna Investments Inc. New purchased a new position in Unisys during the 2nd quarter valued at about $148,000. Bayesian Capital Management LP purchased a new position in Unisys during the 2nd quarter valued at about $157,000. Legal & General Group Plc increased its holdings in Unisys by 7.1% during the 1st quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock valued at $175,000 after acquiring an additional 821 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Unisys by 117.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 19,142 shares of the information technology services provider’s stock valued at $245,000 after acquiring an additional 10,345 shares in the last quarter.
Several equities analysts have weighed in on UIS shares. ValuEngine upgraded shares of Unisys from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Unisys from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Loop Capital lowered their price target on shares of Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, October 31st. Finally, BidaskClub upgraded shares of Unisys from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Unisys currently has an average rating of “Hold” and a consensus price target of $12.00.
Shares of Unisys Corporation (NYSE:UIS) traded up $0.10 during midday trading on Friday, hitting $7.95. 359,774 shares of the stock were exchanged, compared to its average volume of 495,016. The stock has a market capitalization of $396.21, a P/E ratio of 6.43 and a beta of 1.86. Unisys Corporation has a 1-year low of $6.90 and a 1-year high of $16.70. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of -0.38.
Unisys (NYSE:UIS) last issued its quarterly earnings results on Monday, October 30th. The information technology services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.87. The business had revenue of $666.30 million during the quarter, compared to the consensus estimate of $637.10 million. Unisys had a negative net margin of 4.30% and a negative return on equity of 5.32%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. analysts expect that Unisys Corporation will post 1.39 EPS for the current fiscal year.
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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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