Fmr LLC raised its position in shares of Unisys Co. (NYSE:UIS) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,644,679 shares of the information technology services provider’s stock after acquiring an additional 48,798 shares during the quarter. Fmr LLC owned approximately 14.99% of Unisys worth $98,616,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. CAPROCK Group Inc. bought a new stake in Unisys during the 2nd quarter valued at approximately $131,000. Creative Planning bought a new stake in Unisys during the 2nd quarter valued at approximately $140,000. Meeder Asset Management Inc. boosted its position in Unisys by 305.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 11,056 shares of the information technology services provider’s stock valued at $143,000 after acquiring an additional 8,329 shares in the last quarter. Aperio Group LLC bought a new stake in Unisys during the 2nd quarter valued at approximately $167,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Unisys during the 2nd quarter valued at approximately $195,000.
Shares of UIS opened at $17.50 on Friday. Unisys Co. has a 52 week low of $7.20 and a 52 week high of $20.95. The company has a market capitalization of $951.91 million, a PE ratio of 7.23 and a beta of 1.48.
Unisys (NYSE:UIS) last issued its quarterly earnings results on Thursday, November 8th. The information technology services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Unisys had a negative return on equity of 13.59% and a net margin of 1.95%. The company had revenue of $688.30 million during the quarter, compared to the consensus estimate of $669.60 million. During the same period in the prior year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts predict that Unisys Co. will post 1.92 earnings per share for the current year.
A number of analysts have recently commented on UIS shares. Zacks Investment Research raised Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Thursday, August 2nd. SunTrust Banks reissued a “buy” rating and issued a $16.00 price target on shares of Unisys in a research report on Wednesday, August 1st. Finally, ValuEngine raised Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $15.33.
Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.
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