Bank of Montreal Can lessened its stake in Unisys Co. (NYSE:UIS) by 27.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 295,780 shares of the information technology services provider’s stock after selling 113,349 shares during the quarter. Bank of Montreal Can owned about 0.57% of Unisys worth $2,876,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in UIS. Cutler Group LP boosted its holdings in shares of Unisys by 839.9% in the 1st quarter. Cutler Group LP now owns 2,284 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 2,041 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Unisys in the 1st quarter valued at $123,000. NumerixS Investment Technologies Inc boosted its holdings in shares of Unisys by 225.6% in the 1st quarter. NumerixS Investment Technologies Inc now owns 14,000 shares of the information technology services provider’s stock valued at $162,000 after purchasing an additional 9,700 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Unisys by 56.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 15,614 shares of the information technology services provider’s stock valued at $182,000 after purchasing an additional 5,608 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Unisys in the 1st quarter valued at $218,000.
Shares of UIS opened at $8.57 on Friday. The firm has a market cap of $424.86 million, a PE ratio of 3.16 and a beta of 1.48. The company’s fifty day moving average is $8.70 and its two-hundred day moving average is $10.34. Unisys Co. has a fifty-two week low of $6.39 and a fifty-two week high of $20.95.
Unisys (NYSE:UIS) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.68. The company had revenue of $753.80 million for the quarter, compared to analyst estimates of $689.55 million. Unisys had a net margin of 1.31% and a negative return on equity of 13.35%. Unisys’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS.
A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of Unisys from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Sidoti assumed coverage on shares of Unisys in a report on Thursday, May 23rd. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $14.67.
Unisys Company Profile
Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.
Featured Story: What are the benefits of a portfolio tracker?
Want to see what other hedge funds are holding UIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unisys Co. (NYSE:UIS).
Receive News & Ratings for Unisys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unisys and related companies with MarketBeat.com's FREE daily email newsletter.