UBS Asset Management Americas Inc. Cuts Position in Unisys Corporation (UIS)

UBS Asset Management Americas Inc. Cuts Position in Unisys Corporation (UIS)

UBS Asset Management Americas Inc. decreased its position in shares of Unisys Corporation (NYSE:UIS) by 25.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,071 shares of the company’s stock after selling 15,550 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.09% of Unisys Corporation worth $439,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fairpointe Capital LLC increased its position in Unisys Corporation by 0.5% in the second quarter. Fairpointe Capital LLC now owns 6,747,603 shares of the company’s stock worth $49,122,000 after buying an additional 35,989 shares in the last quarter. Vanguard Group Inc. increased its position in Unisys Corporation by 5.8% in the second quarter. Vanguard Group Inc. now owns 4,285,062 shares of the company’s stock worth $31,194,000 after buying an additional 236,672 shares in the last quarter. Towle & Co. increased its position in Unisys Corporation by 19.8% in the second quarter. Towle & Co. now owns 2,117,531 shares of the company’s stock worth $15,416,000 after buying an additional 349,350 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Unisys Corporation by 33.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,692,451 shares of the company’s stock worth $12,321,000 after buying an additional 422,465 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Unisys Corporation by 1.9% in the second quarter. Alliancebernstein L.P. now owns 1,308,849 shares of the company’s stock worth $9,528,000 after buying an additional 23,970 shares in the last quarter.

Shares of Unisys Corporation (NYSE:UIS) traded down 8.00% on Friday, reaching $12.65. 1,695,401 shares of the company’s stock traded hands. Unisys Corporation has a 52-week low of $6.72 and a 52-week high of $16.70. The firm’s 50-day moving average is $14.66 and its 200-day moving average is $11.47. The stock’s market cap is $633.55 million.

Unisys Corporation (NYSE:UIS) last released its quarterly earnings data on Thursday, January 26th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.38. Unisys Corporation had a negative net margin of 1.57% and a negative return on equity of 12.78%. The firm earned $721.70 million during the quarter, compared to analysts’ expectations of $725.58 million. During the same period in the previous year, the company earned $1.58 earnings per share. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. Analysts anticipate that Unisys Corporation will post ($0.79) EPS for the current fiscal year.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Unisys Corporation from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday, November 3rd. Loop Capital assumed coverage on shares of Unisys Corporation in a report on Tuesday, January 10th. They issued a “hold” rating and a $15.00 price objective for the company.

About Unisys Corporation

Unisys Corporation is an information technology (IT) company. The Company operates through two segments. Its Services segment includes cloud and infrastructure services, application services and business process outsourcing services. In cloud and infrastructure services, it helps clients apply cloud and as-a-service delivery models to manage and secure their IT infrastructure and operations.

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