Saba Capital Management L.P. Increases Stock Position in Unisys Corporation $UIS

Saba Capital Management L.P. boosted its holdings in Unisys Corporation (NYSE:UISFree Report) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,791,963 shares of the information technology services provider’s stock after purchasing an additional 240,476 shares during the quarter. Saba Capital Management L.P. owned about 2.46% of Unisys worth $3,709,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC increased its stake in Unisys by 50.9% in the fourth quarter. Millennium Management LLC now owns 2,604,604 shares of the information technology services provider’s stock valued at $7,189,000 after purchasing an additional 878,265 shares during the period. Palisade Capital Management LP increased its position in Unisys by 17.4% in the 2nd quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider’s stock valued at $7,966,000 after acquiring an additional 260,716 shares during the period. Charles Schwab Investment Management Inc. increased its position in Unisys by 36.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider’s stock valued at $4,816,000 after acquiring an additional 468,340 shares during the period. JPMorgan Chase & Co. raised its stake in Unisys by 18.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock valued at $7,768,000 after acquiring an additional 272,627 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Unisys by 29.1% during the 4th quarter. Federated Hermes Inc. now owns 1,494,555 shares of the information technology services provider’s stock valued at $4,125,000 after acquiring an additional 336,711 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UIS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research note on Friday, July 17th. Zacks Research upgraded Unisys from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Needham & Company LLC increased their price target on Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen lowered shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Unisys presently has an average rating of “Moderate Buy” and an average price target of $6.33.

Get Our Latest Analysis on Unisys

Unisys Stock Up 8.2%

NYSE UIS opened at $3.38 on Tuesday. The stock has a market capitalization of $246.04 million, a P/E ratio of -0.69, a P/E/G ratio of 0.28 and a beta of 1.87. Unisys Corporation has a 52-week low of $1.97 and a 52-week high of $4.98. The firm has a 50-day moving average price of $3.69 and a 200 day moving average price of $2.94.

Unisys (NYSE:UISGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.12. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%.The company had revenue of $437.60 million for the quarter, compared to analyst estimates of $415.64 million. On average, equities research analysts expect that Unisys Corporation will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Unisys

In other news, Director Philippe Germond sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $4.15, for a total value of $83,000.00. Following the completion of the sale, the director directly owned 236,453 shares of the company’s stock, valued at $981,279.95. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 43,846 shares of company stock valued at $156,102. 11.56% of the stock is owned by company insiders.

Unisys Profile

(Free Report)

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.

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Institutional Ownership by Quarter for Unisys (NYSE:UIS)

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