Vanguard Group Inc. Boosts Stock Holdings in Unisys Co. (NYSE:UIS)

Vanguard Group Inc. lifted its stake in Unisys Co. (NYSE:UIS - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,096,464 shares of the information technology services provider's stock after purchasing an additional 157,919 shares during the period. Vanguard Group Inc. owned 10.23% of Unisys worth $44,921,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Unisys by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider's stock worth $13,215,000 after buying an additional 38,572 shares during the period. Summit Global Investments bought a new stake in Unisys in the fourth quarter valued at approximately $407,000. Geode Capital Management LLC raised its holdings in Unisys by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider's stock worth $8,804,000 after purchasing an additional 10,277 shares during the period. 272 Capital LP bought a new position in shares of Unisys during the third quarter worth $1,832,000. Finally, Barclays PLC grew its holdings in shares of Unisys by 127.6% in the 3rd quarter. Barclays PLC now owns 126,819 shares of the information technology services provider's stock valued at $722,000 after buying an additional 71,093 shares during the period. 86.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on UIS. StockNews.com raised Unisys from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Canaccord Genuity Group cut 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 Trading Down 0.6 %

UIS stock traded down $0.03 during mid-day trading on Thursday, hitting $3.84. 69,989 shares of the company were exchanged, compared to its average volume of 526,359. Unisys Co. has a 1-year low of $3.32 and a 1-year high of $8.93. The business has a 50 day simple moving average of $4.61 and a 200-day simple moving average of $6.09. The stock has a market capitalization of $272.55 million, a PE ratio of -1.36, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14.

Unisys (NYSE:UIS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. The company had revenue of $545.40 million during the quarter, compared to the consensus estimate of $550.93 million. During the same quarter in the prior year, the firm posted $0.51 EPS. Equities research analysts expect that Unisys Co. will post 0.61 earnings per share for the current year.

Unisys 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.