Ameriprise Financial Inc. cut its holdings in Unisys Co. (NYSE:UIS - Free Report) by 13.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 670,618 shares of the information technology services provider's stock after selling 108,312 shares during the period. Ameriprise Financial Inc. owned approximately 0.97% of Unisys worth $4,245,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. AlphaQuest LLC acquired a new position in shares of Unisys in the fourth quarter valued at about $39,000. Quarry LP grew its stake in shares of Unisys by 985.8% in the fourth quarter. Quarry LP now owns 8,556 shares of the information technology services provider's stock valued at $54,000 after acquiring an additional 7,768 shares in the last quarter. Calton & Associates Inc. acquired a new position in shares of Unisys in the fourth quarter valued at about $63,000. Boothbay Fund Management LLC bought a new stake in Unisys during the fourth quarter worth about $68,000. Finally, Inceptionr LLC bought a new stake in Unisys during the fourth quarter worth about $72,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group cut their price objective on shares of Unisys from $7.00 to $6.50 and set a "hold" rating for the company in a research report on Thursday, February 20th. Wall Street Zen cut shares of Unisys from a "buy" rating to a "hold" rating in a research report on Monday, May 5th.
View Our Latest Report on Unisys
Unisys Price Performance
UIS traded down $0.10 on Wednesday, hitting $4.82. 385,096 shares of the stock were exchanged, compared to its average volume of 560,673. Unisys Co. has a 12 month low of $3.32 and a 12 month high of $8.93. The business has a 50-day moving average of $4.44 and a two-hundred day moving average of $5.73. The firm has a market capitalization of $342.54 million, a price-to-earnings ratio of -1.70, a PEG ratio of 0.56 and a beta of 1.26.
Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The information technology services provider reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.19. The business had revenue of $432.10 million during the quarter, compared to analysts' expectations of $441.20 million. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. Equities research analysts expect that Unisys Co. will post 0.61 earnings per share for the current fiscal year.
Unisys Profile
(
Free Report)
Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.
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