Millennium Management LLC Increases Holdings in Unisys Co. (NYSE:UIS)

Millennium Management LLC lifted its stake in shares of Unisys Co. (NYSE:UIS - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 716,541 shares of the information technology services provider's stock after buying an additional 61,766 shares during the period. Millennium Management LLC owned about 1.03% of Unisys worth $4,536,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Unisys by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 7,096,464 shares of the information technology services provider's stock valued at $44,921,000 after buying an additional 157,919 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Unisys by 1.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,668,269 shares of the information technology services provider's stock valued at $10,560,000 after buying an additional 28,418 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Unisys by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,556,325 shares of the information technology services provider's stock valued at $9,854,000 after buying an additional 6,672 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Unisys by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,259,543 shares of the information technology services provider's stock valued at $7,974,000 after buying an additional 88,506 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Unisys by 3.9% during the fourth quarter. Renaissance Technologies LLC now owns 805,800 shares of the information technology services provider's stock valued at $5,101,000 after buying an additional 30,400 shares during the last quarter. Hedge funds and other institutional investors own 86.87% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on UIS shares. Wall Street Zen upgraded Unisys from a "hold" rating to a "buy" rating in a report on Friday. Canaccord Genuity Group dropped their price target on Unisys from $7.00 to $6.50 and set a "hold" rating on the stock in a report on Thursday, February 20th.

Unisys Stock Down 1.6%

Unisys stock traded down $0.08 during mid-day trading on Friday, reaching $4.78. 546,581 shares of the company's stock were exchanged, compared to its average volume of 560,867. The business's fifty day simple moving average is $4.46 and its 200 day simple moving average is $5.66. The firm has a market capitalization of $339.70 million, a PE ratio of -1.69, a P/E/G ratio of 0.56 and a beta of 1.26. Unisys Co. has a one year low of $3.32 and a one year high of $8.93.

Unisys (NYSE:UIS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.19. The firm had revenue of $432.10 million for the quarter, compared to analyst estimates of $441.20 million. Unisys had a negative return on equity of 16.84% and a negative net margin of 9.63%. On average, sell-side analysts forecast that Unisys Co. will post 0.61 earnings per share for the current year.

Unisys Company Profile

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.