Unisys Corporation (UIS) Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC increased its position in Unisys Corporation (NYSE:UIS) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 128,061 shares of the information technology services provider’s stock after buying an additional 2,576 shares during the period. Convergence Investment Partners LLC’s holdings in Unisys Corporation were worth $1,639,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. James Investment Research Inc. raised its stake in shares of Unisys Corporation by 0.5% in the first quarter. James Investment Research Inc. now owns 143,510 shares of the information technology services provider’s stock worth $2,002,000 after buying an additional 680 shares during the last quarter. Rhumbline Advisers increased its position in Unisys Corporation by 1.3% in the second quarter. Rhumbline Advisers now owns 59,671 shares of the information technology services provider’s stock worth $764,000 after buying an additional 740 shares during the period. First Heartland Consultants Inc. increased its position in Unisys Corporation by 0.8% in the first quarter. First Heartland Consultants Inc. now owns 93,500 shares of the information technology services provider’s stock worth $1,304,000 after buying an additional 750 shares during the period. Legal & General Group Plc increased 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 buying an additional 821 shares during the period. Finally, AMG Funds LLC increased its position in Unisys Corporation by 1.5% in the first quarter. AMG Funds LLC now owns 79,129 shares of the information technology services provider’s stock worth $1,104,000 after buying an additional 1,199 shares during the period.

Unisys Corporation (UIS) opened at 8.40 on Tuesday. The company has a 50-day moving average of $11.79 and a 200-day moving average of $12.60. The company’s market cap is $423.94 million. Unisys Corporation has a 52-week low of $7.95 and a 52-week high of $16.70.

Unisys Corporation (NYSE:UIS) last released its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.34. Unisys Corporation had a negative return on equity of 5.94% and a negative net margin of 3.81%. The business had revenue of $666.20 million for the quarter, compared to analyst estimates of $674.55 million. During the same quarter in the previous year, the company posted $0.81 EPS. The business’s quarterly revenue was down 11.0% on a year-over-year basis. On average, equities research analysts expect that Unisys Corporation will post ($1.94) earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on UIS shares. SunTrust Banks, Inc. set a $15.00 target price on shares of Unisys Corporation and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Unisys Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday. ValuEngine downgraded shares of Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Unisys Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.67.

In other Unisys Corporation news, Director Alison Davis sold 10,639 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $12.35, for a total transaction of $131,391.65. Following the transaction, the director now owns 44,393 shares in the company, valued at $548,253.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

Unisys Corporation Company Profile

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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Institutional Ownership by Quarter for Unisys Corporation (NYSE:UIS)

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