Unisys Co. (UIS) Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP boosted its holdings in Unisys Co. (NYSE:UIS) by 300.9% in the fourth quarter, HoldingsChannel reports. The firm owned 40,821 shares of the information technology services provider’s stock after purchasing an additional 30,639 shares during the period. Engineers Gate Manager LP’s holdings in Unisys were worth $333,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Stifel Financial Corp bought a new stake in Unisys in the second quarter worth approximately $141,000. Voya Investment Management LLC increased its holdings in Unisys by 9.8% in the second quarter. Voya Investment Management LLC now owns 25,106 shares of the information technology services provider’s stock worth $321,000 after purchasing an additional 2,238 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Unisys by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 39,652 shares of the information technology services provider’s stock worth $507,000 after purchasing an additional 448 shares in the last quarter. First Trust Advisors LP bought a new stake in Unisys in the third quarter worth approximately $338,000. Finally, Macquarie Group Ltd. bought a new stake in Unisys in the third quarter worth approximately $386,000.

Shares of Unisys Co. (NYSE UIS) opened at $11.10 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of -0.38. Unisys Co. has a one year low of $6.90 and a one year high of $15.15. The company has a market capitalization of $517.35, a P/E ratio of -7.30 and a beta of 1.68.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $1.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $1.02. Unisys had a negative return on equity of 10.45% and a negative net margin of 2.35%. The firm had revenue of $746.60 million during the quarter, compared to analysts’ expectations of $704.07 million. During the same quarter last year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. equities research analysts expect that Unisys Co. will post 1.58 EPS for the current fiscal year.

A number of brokerages have weighed in on UIS. Zacks Investment Research upgraded Unisys from a “sell” rating to a “hold” rating and set a $12.00 target price for the company in a report on Tuesday. Susquehanna Bancshares reiterated a “neutral” rating on shares of Unisys in a report on Monday. UBS Group downgraded Unisys from a “positive” rating to a “neutral” rating in a report on Monday. ValuEngine downgraded Unisys from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Loop Capital lowered their target price on Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Unisys presently has a consensus rating of “Hold” and a consensus price target of $12.00.

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Unisys Company Profile

Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.

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Institutional Ownership by Quarter for Unisys (NYSE:UIS)

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