Unisys Corporation $UIS Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its holdings in shares of Unisys Corporation (NYSE:UIS) by 74.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,011 shares of the information technology services provider’s stock after selling 558,017 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.26% of Unisys worth $389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of Unisys by 445.7% during the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock worth $28,000 after buying an additional 8,335 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Unisys in the 3rd quarter valued at $30,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Unisys by 100,000.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 10,000 shares during the last quarter. PharVision Advisers LLC acquired a new stake in Unisys during the 3rd quarter worth $39,000. Finally, AXQ Capital LP acquired a new stake in Unisys during the 4th quarter worth $40,000. 86.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Unisys

In other news, Director Philippe Germond sold 20,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $4.15, for a total value of $83,000.00. Following the completion of the transaction, the director owned 236,453 shares in the company, valued at $981,279.95. This trade represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 43,846 shares of company stock worth $156,102. Corporate insiders own 11.56% of the company’s stock.

Unisys Price Performance

Unisys stock opened at $3.73 on Friday. Unisys Corporation has a 1-year low of $1.97 and a 1-year high of $4.98. The company has a market cap of $272.28 million, a PE ratio of -0.77, a price-to-earnings-growth ratio of 0.34 and a beta of 1.87. The stock’s 50 day moving average price is $3.45 and its 200 day moving average price is $2.84.

Unisys (NYSE:UIS) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.12. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%.The firm had revenue of $437.60 million during the quarter, compared to analysts’ expectations of $415.64 million. On average, equities research analysts anticipate that Unisys Corporation will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on UIS shares. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research note on Monday, April 20th. Needham & Company LLC lifted their target price on Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Wall Street Zen downgraded Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research raised Unisys from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.33.

About Unisys

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.