Quantbot Technologies LP Purchases 15,460 Shares of Unisys Corporation (UIS)
Quantbot Technologies LP lifted its position in shares of Unisys Corporation (NYSE:UIS) by 129.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,370 shares of the information technology services provider’s stock after purchasing an additional 15,460 shares during the period. Quantbot Technologies LP owned 0.05% of Unisys Corporation worth $350,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Unisys Corporation by 27.9% during the 1st quarter. Vanguard Group Inc. now owns 5,657,020 shares of the information technology services provider’s stock worth $78,915,000 after purchasing an additional 1,234,289 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in Unisys Corporation in the 2nd quarter valued at $12,709,000. Alliancebernstein L.P. boosted its stake in Unisys Corporation by 35.6% in the 2nd quarter. Alliancebernstein L.P. now owns 2,400,663 shares of the information technology services provider’s stock valued at $30,728,000 after purchasing an additional 629,880 shares during the period. Kennedy Capital Management Inc. grew its holdings in Unisys Corporation by 302.0% in the 1st quarter. Kennedy Capital Management Inc. now owns 696,729 shares of the information technology services provider’s stock valued at $9,719,000 after buying an additional 523,430 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Unisys Corporation by 556.7% in the 1st quarter. Wells Fargo & Company MN now owns 383,972 shares of the information technology services provider’s stock valued at $5,357,000 after buying an additional 325,498 shares in the last quarter.
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Unisys Corporation (NYSE:UIS) opened at 8.50 on Monday. The firm’s market cap is $428.99 million. The firm’s 50 day moving average is $8.14 and its 200-day moving average is $11.55. Unisys Corporation has a 12 month low of $6.90 and a 12 month high of $16.70.
Unisys Corporation (NYSE:UIS) last released its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.34). The business had revenue of $666.20 million for the quarter, compared to analysts’ expectations of $674.55 million. Unisys Corporation had a negative net margin of 3.81% and a negative return on equity of 5.94%. Unisys Corporation’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. On average, equities analysts forecast that Unisys Corporation will post ($1.94) EPS for the current year.
Several research analysts have weighed in on UIS shares. BidaskClub upgraded Unisys Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded Unisys Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. ValuEngine cut shares of Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, SunTrust Banks, Inc. set a $15.00 target price on shares of Unisys Corporation and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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