Unisys Co. (UIS) Holdings Cut by Engineers Gate Manager LP
Engineers Gate Manager LP lessened its holdings in shares of Unisys Co. (NYSE:UIS) by 6.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 53,596 shares of the information technology services provider’s stock after selling 3,588 shares during the period. Engineers Gate Manager LP’s holdings in Unisys were worth $691,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. WealthTrust Axiom LLC grew its holdings in shares of Unisys by 8.8% during the second quarter. WealthTrust Axiom LLC now owns 60,580 shares of the information technology services provider’s stock worth $781,000 after purchasing an additional 4,900 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Unisys by 305.4% during the second quarter. Meeder Asset Management Inc. now owns 11,056 shares of the information technology services provider’s stock worth $143,000 after purchasing an additional 8,329 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Unisys by 19.3% during the second quarter. First Trust Advisors LP now owns 57,756 shares of the information technology services provider’s stock worth $745,000 after purchasing an additional 9,348 shares during the last quarter. CAPROCK Group Inc. bought a new stake in shares of Unisys during the second quarter worth $131,000. Finally, Creative Planning bought a new stake in shares of Unisys during the second quarter worth $140,000.
Several analysts have recently commented on UIS shares. SunTrust Banks restated a “buy” rating and set a $16.00 target price on shares of Unisys in a report on Wednesday, August 1st. Zacks Investment Research upgraded Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a report on Thursday, August 2nd. Finally, Loop Capital increased their target price on Unisys to $13.00 and gave the stock a “hold” rating in a report on Monday, June 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.33.
Unisys (NYSE:UIS) last announced its earnings results on Tuesday, July 31st. The information technology services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.18 by $0.21. The company had revenue of $667.40 million for the quarter, compared to analysts’ expectations of $661.00 million. Unisys had a negative return on equity of 13.59% and a net margin of 1.95%. equities analysts predict that Unisys Co. will post 1.88 EPS for the current year.
Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.
Read More: Average Daily Trade Volume Explained
Want to see what other hedge funds are holding UIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unisys Co. (NYSE:UIS).
Receive News & Ratings for Unisys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unisys and related companies with MarketBeat.com's FREE daily email newsletter.