FORA Capital LLC cut its stake in shares of Unisys Co. (NYSE:UIS) by 52.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,808 shares of the information technology services provider’s stock after selling 5,369 shares during the quarter. FORA Capital LLC’s holdings in Unisys were worth $122,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Unisys by 9.0% during the first quarter. Geode Capital Management LLC now owns 1,000,427 shares of the information technology services provider’s stock valued at $25,430,000 after acquiring an additional 82,816 shares during the period. EAM Global Investors LLC bought a new position in shares of Unisys during the first quarter valued at $2,592,000. Blueshift Asset Management LLC lifted its holdings in shares of Unisys by 230.4% during the first quarter. Blueshift Asset Management LLC now owns 65,643 shares of the information technology services provider’s stock valued at $1,669,000 after acquiring an additional 45,778 shares during the period. Vantage Consulting Group Inc bought a new position in shares of Unisys during the fourth quarter valued at $37,000. Finally, Palisade Capital Management LLC NJ lifted its holdings in shares of Unisys by 8.8% during the first quarter. Palisade Capital Management LLC NJ now owns 1,498,072 shares of the information technology services provider’s stock valued at $38,081,000 after acquiring an additional 121,633 shares during the period. 90.34% of the stock is owned by institutional investors.
In other Unisys news, SVP Gerald P. Kenney sold 12,790 shares of the business’s stock in a transaction dated Monday, June 7th. The stock was sold at an average price of $27.72, for a total transaction of $354,538.80. Following the completion of the sale, the senior vice president now directly owns 95,113 shares of the company’s stock, valued at approximately $2,636,532.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Eric Hutto sold 12,135 shares of the business’s stock in a transaction dated Monday, June 7th. The stock was sold at an average price of $27.55, for a total value of $334,319.25. Following the sale, the chief operating officer now directly owns 177,722 shares of the company’s stock, valued at $4,896,241.10. The disclosure for this sale can be found here. Insiders sold 34,925 shares of company stock valued at $926,758 over the last ninety days. 2.50% of the stock is currently owned by company insiders.
Unisys (NYSE:UIS) last released its quarterly earnings results on Thursday, May 6th. The information technology services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. Unisys had a negative return on equity of 40.08% and a negative net margin of 20.90%. The business had revenue of $509.80 million during the quarter, compared to analysts’ expectations of $505.70 million. During the same period in the previous year, the business posted $0.02 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year.
Unisys Corporation operates as an information technology services company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security consulting services, the Unisys Incident Response Ecosystem subscription service, and the TrustCheck cyber risk management solution.
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