Federated Hermes Inc. Trims Holdings in Unisys Corporation (NYSE:UIS)

Key Points

• Federated Hermes Inc. reduced its holdings in Unisys Corporation (NYSE: UIS) by 10.3%, selling 134,067 shares to own a total of 1,172,932 shares valued at $5,384,000.
• Several hedge funds increased their positions in Unisys, with Cubist Systematic Strategies boosting its stake by 680.3% and Susquehanna Fundamental Investments purchasing a new stake valued at approximately $1,260,000.
• Unisys shares are currently priced at $4.04, showing a trading volume that exceeded the average, while the company reported a quarterly EPS of $0.19 that surpassed analysts' expectations.

Federated Hermes Inc. lessened its stake in Unisys Corporation (NYSE:UIS - Free Report) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,172,932 shares of the information technology services provider's stock after selling 134,067 shares during the period. Federated Hermes Inc. owned approximately 1.65% of Unisys worth $5,384,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC grew its holdings in shares of Unisys by 13.0% in the 4th quarter. Hsbc Holdings PLC now owns 34,241 shares of the information technology services provider's stock worth $218,000 after acquiring an additional 3,937 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Unisys by 14.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 32,254 shares of the information technology services provider's stock worth $204,000 after buying an additional 4,143 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Unisys by 9.4% during the fourth quarter. Wells Fargo & Company MN now owns 58,139 shares of the information technology services provider's stock worth $368,000 after buying an additional 5,019 shares during the last quarter. LPL Financial LLC lifted its position in shares of Unisys by 3.2% during the fourth quarter. LPL Financial LLC now owns 160,384 shares of the information technology services provider's stock valued at $1,015,000 after purchasing an additional 5,033 shares in the last quarter. Finally, Virtus Fund Advisers LLC purchased a new position in Unisys in the fourth quarter valued at approximately $35,000. Institutional investors own 86.87% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen upgraded Unisys from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Maxim Group upgraded shares of Unisys from a "hold" rating to a "buy" rating and set a $9.00 price target for the company in a research report on Monday.

Unisys Stock Up 1.1%

NYSE:UIS traded up $0.05 during mid-day trading on Thursday, hitting $3.99. 522,599 shares of the stock traded hands, compared to its average volume of 613,459. The business's 50-day moving average price is $4.38 and its 200 day moving average price is $4.76. The company has a market cap of $284.09 million, a PE ratio of -3.36, a price-to-earnings-growth ratio of 0.55 and a beta of 1.31. Unisys Corporation has a 12-month low of $3.52 and a 12-month high of $8.93.

Unisys (NYSE:UIS - Get Free Report) last released its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $0.53. The company had revenue of $483.30 million for the quarter, compared to analyst estimates of $444.65 million. Unisys had a negative net margin of 4.16% and a negative return on equity of 12.55%. During the same period in the prior year, the business earned $0.16 EPS. Analysts anticipate that Unisys Corporation will post 0.61 earnings per share for the current fiscal year.

About Unisys

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.