IndexIQ Advisors LLC grew its holdings in shares of Unisys Corporation (NYSE:UIS) by 83.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,131 shares of the information technology services provider’s stock after buying an additional 28,202 shares during the quarter. IndexIQ Advisors LLC owned 0.12% of Unisys Corporation worth $528,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Stifel Financial Corp purchased a new position in Unisys Corporation during the second quarter worth about $141,000. Cigna Investments Inc. New bought a new stake in Unisys Corporation in the second quarter worth about $148,000. Bayesian Capital Management LP bought a new stake in Unisys Corporation in the second quarter worth about $157,000. Legal & General Group Plc raised its position in Unisys Corporation by 7.1% in the first quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock worth $175,000 after acquiring an additional 821 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of Unisys Corporation by 117.6% in the second quarter. BNP Paribas Arbitrage SA now owns 19,142 shares of the information technology services provider’s stock valued at $245,000 after purchasing an additional 10,345 shares during the period.
Unisys Corporation (NYSE:UIS) opened at $7.50 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of -0.38. The stock has a market cap of $391.17, a P/E ratio of 6.35 and a beta of 1.91. Unisys Corporation has a 1-year low of $6.90 and a 1-year high of $16.70.
Unisys Corporation (NYSE:UIS) last released its quarterly earnings data on Monday, October 30th. The information technology services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.87. The firm had revenue of $666.30 million for the quarter, compared to analysts’ expectations of $637.10 million. Unisys Corporation had a negative net margin of 4.30% and a negative return on equity of 5.32%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. analysts expect that Unisys Corporation will post 1.39 EPS for the current year.
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A number of research firms recently weighed in on UIS. BidaskClub lowered shares of Unisys Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. SunTrust Banks, Inc. set a $15.00 price target on shares of Unisys Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine cut shares of Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Unisys Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, Loop Capital dropped their price target on shares of Unisys Corporation from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.00.
About Unisys Corporation
Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.
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