Unisys Co. (UIS) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its holdings in Unisys Co. (NYSE:UIS) by 40.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,093 shares of the information technology services provider’s stock after purchasing an additional 22,310 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Unisys were worth $900,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Texas Permanent School Fund increased its position in Unisys by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 34,645 shares of the information technology services provider’s stock worth $404,000 after purchasing an additional 1,255 shares during the period. Comerica Bank increased its position in Unisys by 2.2% during the 1st quarter. Comerica Bank now owns 50,531 shares of the information technology services provider’s stock worth $590,000 after purchasing an additional 1,069 shares during the period. Emerald Advisers LLC acquired a new position in Unisys during the 1st quarter worth approximately $175,000. Menta Capital LLC increased its position in Unisys by 73.4% during the 1st quarter. Menta Capital LLC now owns 22,200 shares of the information technology services provider’s stock worth $259,000 after purchasing an additional 9,394 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Unisys by 19.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,184 shares of the information technology services provider’s stock worth $131,000 after purchasing an additional 1,802 shares during the period.

Several equities analysts have issued reports on UIS shares. Zacks Investment Research cut Unisys from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. ValuEngine cut Unisys from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Finally, SunTrust Banks lowered their price target on Unisys to $17.00 and set a “buy” rating on the stock in a report on Thursday, April 11th.

Shares of UIS traded down $0.07 on Tuesday, reaching $9.78. The stock had a trading volume of 6,035 shares, compared to its average volume of 651,552. The stock has a market cap of $512.50 million, a P/E ratio of 5.05 and a beta of 1.41. Unisys Co. has a twelve month low of $9.68 and a twelve month high of $20.95.

Unisys (NYSE:UIS) last released its quarterly earnings results on Thursday, May 2nd. The information technology services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.13). The firm had revenue of $695.80 million during the quarter, compared to analyst estimates of $646.30 million. Unisys had a negative return on equity of 10.47% and a net margin of 0.55%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. As a group, equities analysts expect that Unisys Co. will post 1.95 earnings per share for the current fiscal year.

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Unisys Profile

Unisys Corporation operates as an information technology 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. The Technology segment designs and develops software, and hardware and other related products.

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Institutional Ownership by Quarter for Unisys (NYSE:UIS)

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