According to the latest filing made with the Securities and Exchange Commission, (SEC), the firm increased its shareholdings in the information technology services provider by 151.5% during the fourth quarter. The firm now owns 627,214 of the stock of the IT services provider after adding 377,864 more shares in the last quarter. Kovack Advisors Inc. held 0.93% in Unisys, worth $3.205,000, at the end the last quarter.
Other hedge funds and institutional investors also changed their positions on UIS. BlackRock Inc. increased its stake in Unisys in the first quarter by 0.4%. BlackRock Inc. owns 10,758,162 of the stock of the IT services provider valued at $232.485,000, after purchasing an additional 45.087 shares. Vanguard Group Inc. increased its stake in Unisys during the third quarter by 5.0%. Vanguard Group Inc. owns 9,111 798 shares of the stock of the provider of information technology services, valued at $68,795,000. This is after buying an additional 433,475 in the last quarter. Neuberger Berman Group LLC has increased its holdings of Unisys from 28.7% to $68,795,000 during the third quarter. Neuberger Berman Group LLC owns 5,047.277 shares in the stock of the provider of information technology services, valued at $38,133,000, after buying an additional 1,125.893 shares over the period. State Street Corp increased their holdings in Unisys during the third quarter by 3.0%. State Street Corp owns now 2,460,793 of the stock of the IT services provider, worth $18,579,000, after buying an additional 71 516 shares. Boston Partners increased its stake in Unisys in the third quarter by 19.1%. Boston Partners owns now 1,923,244 of the stock valued at $16,009,000, after buying an additional 307 866 shares during the last quarter. Matthew J. Desch, Director of Unisys, acquired 50,000 shares in a deal on May 9th. The shares were purchased at $3.87 on average per share with a value of $193.500.00. The director now holds 50,000 shares worth approximately $193 500. Insiders own 2.70 % of the company's stock.
Unisys stock up 0.6 %
During Monday's trading hours, the company gained $0.02 to reach $4.18. The company traded 560,079 compared to the average of 1,047129 shares. The 50-day moving-average of the company is $3.92, and its 200-day moving-average is $4.46. Unisys Co.'s twelve-month low is $3.05, and its twelve-month high is $14.62. The debt-to equity ratio for the company is 9.08; its current ratio is 1.50, and its quick ratio is 1.47. The company's market cap is $285.00 millions, with a P/E of -1.27. It also has a beta value of 0.67.
The last time ) released its results was on May 2nd. The provider of information technology services reported $0.49 per share for the third quarter. Revenue for the quarter was $516.40 millions. Unisys's negative return on equity was 346.33%, and its negative net margin was 10.93%.
Wall Street analysts forecast growth
UIS was the subject of several recent research reports. In a report published on Thursday 18th May, Unisys was the subject of coverage. The company was given a rating of 'hold'. Five analysts have given the stock a 'hold' rating. According to MarketBeat data, the company currently has a 'Hold'consensus rating and a $5.00 consensus price target.
Unisys Corp. provides information technology solutions that meet the needs of businesses and government agencies. The company offers enterprise computing, business process solutions, cloud infrastructure, and digital workplace solutions. The company operates in three business segments: Digital Workplace Solutions, Cloud & Infrastructure Solutions and Enterprise Computing Solutions.
MarketBeat.com offers a FREE daily email newsletter