JPMorgan Chase & Co. Sells 338,440 Shares of Unisys Corporation $UIS

JPMorgan Chase & Co. lessened its position in Unisys Corporation (NYSE:UIS) by 19.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,376,253 shares of the information technology services provider’s stock after selling 338,440 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.93% of Unisys worth $5,367,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in Unisys by 415.5% in the third quarter. Assenagon Asset Management S.A. now owns 712,581 shares of the information technology services provider’s stock worth $2,779,000 after purchasing an additional 574,360 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Unisys by 725.6% during the 2nd quarter. Squarepoint Ops LLC now owns 203,317 shares of the information technology services provider’s stock valued at $921,000 after buying an additional 178,691 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Unisys by 336.1% during the 3rd quarter. Principal Financial Group Inc. now owns 161,060 shares of the information technology services provider’s stock valued at $628,000 after buying an additional 124,132 shares in the last quarter. Calton & Associates Inc. grew its position in shares of Unisys by 47.5% in the 3rd quarter. Calton & Associates Inc. now owns 14,750 shares of the information technology services provider’s stock worth $58,000 after buying an additional 4,750 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Unisys by 1.0% in the 3rd quarter. Federated Hermes Inc. now owns 1,157,844 shares of the information technology services provider’s stock worth $4,516,000 after acquiring an additional 11,452 shares in the last quarter. 86.87% of the stock is currently owned by institutional investors.

Unisys Price Performance

Shares of NYSE:UIS opened at $2.07 on Thursday. The business has a fifty day moving average price of $2.35 and a 200-day moving average price of $2.92. The company has a market capitalization of $149.36 million, a PE ratio of -0.43, a PEG ratio of 0.23 and a beta of 1.46. Unisys Corporation has a 1-year low of $2.00 and a 1-year high of $6.06.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. The company had revenue of $574.50 million for the quarter, compared to analysts’ expectations of $569.76 million. Unisys had a negative net margin of 17.42% and a negative return on equity of 26.77%. On average, sell-side analysts anticipate that Unisys Corporation will post 0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of Unisys from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. William Blair initiated coverage on shares of Unisys in a research note on Wednesday, December 10th. They set an “outperform” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $4.00 price target on shares of Unisys in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.67.

Unisys Profile

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.