Needham Investment Management LLC Purchases 85,000 Shares of Unisys Co. (NYSE:UIS)

Needham Investment Management LLC grew its holdings in shares of Unisys Co. (NYSE:UIS - Free Report) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,335,000 shares of the information technology services provider's stock after purchasing an additional 85,000 shares during the period. Unisys comprises about 2.6% of Needham Investment Management LLC's portfolio, making the stock its 4th biggest position. Needham Investment Management LLC owned about 7.69% of Unisys worth $33,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Diversified Trust Co lifted its stake in Unisys by 12.4% during the fourth quarter. Diversified Trust Co now owns 21,613 shares of the information technology services provider's stock worth $137,000 after purchasing an additional 2,380 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Unisys by 13.0% during the fourth 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 last quarter. SG Americas Securities LLC increased its holdings in shares of Unisys by 17.7% in the 4th quarter. SG Americas Securities LLC now owns 26,899 shares of the information technology services provider's stock valued at $170,000 after acquiring an additional 4,045 shares during the period. Envestnet Asset Management Inc. increased its holdings 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 valued at $204,000 after acquiring an additional 4,143 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Unisys by 9.4% in the 4th quarter. Wells Fargo & Company MN now owns 58,139 shares of the information technology services provider's stock valued at $368,000 after acquiring an additional 5,019 shares during the period. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Unisys Stock Down 1.6%

NYSE UIS traded down $0.09 during trading on Friday, hitting $5.40. The company's stock had a trading volume of 579,710 shares, compared to its average volume of 559,168. The firm has a 50 day moving average price of $4.29 and a 200 day moving average price of $5.86. The firm has a market cap of $383.41 million, a P/E ratio of -1.91, a price-to-earnings-growth ratio of 0.56 and a beta of 1.26. Unisys Co. has a 52 week low of $3.32 and a 52 week high of $8.93.

Unisys (NYSE:UIS - Get Free Report) last announced 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. Unisys had a negative return on equity of 16.84% and a negative net margin of 9.63%. The company had revenue of $432.10 million for the quarter, compared to analyst estimates of $441.20 million. On average, equities analysts expect that Unisys Co. will post 0.61 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on UIS. StockNews.com lowered shares of Unisys from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Canaccord Genuity Group dropped their target price on Unisys from $7.00 to $6.50 and set a "hold" rating on the stock in a research report on Thursday, February 20th.

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.