Assenagon Asset Management S.A. Cuts Stock Holdings in Unisys Co. (NYSE:UIS)

Assenagon Asset Management S.A. reduced its stake in Unisys Co. (NYSE:UIS) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 356,999 shares of the information technology services provider’s stock after selling 38,230 shares during the period. Assenagon Asset Management S.A. owned approximately 0.51% of Unisys worth $2,260,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. GSA Capital Partners LLP increased its holdings in shares of Unisys by 67.2% in the third quarter. GSA Capital Partners LLP now owns 365,589 shares of the information technology services provider’s stock worth $2,077,000 after purchasing an additional 146,899 shares during the last quarter. Zacks Investment Management purchased a new position in Unisys during the 3rd quarter valued at approximately $860,000. JPMorgan Chase & Co. increased its stake in Unisys by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider’s stock worth $13,215,000 after acquiring an additional 38,572 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Unisys by 738.6% during the 2nd quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider’s stock worth $1,187,000 after acquiring an additional 253,108 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Unisys by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock valued at $8,804,000 after acquiring an additional 10,277 shares during the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Unisys from a “buy” rating to a “hold” rating in a research report on Monday, January 13th.

Unisys Stock Down 2.1 %

Unisys stock opened at $6.73 on Thursday. The company’s 50-day moving average price is $7.08 and its 200-day moving average price is $6.10. The company has a market cap of $466.52 million, a PE ratio of -1.19, a price-to-earnings-growth ratio of 0.74 and a beta of 0.79. Unisys Co. has a twelve month low of $3.32 and a twelve month high of $8.93.

Unisys (NYSE:UIS) last released its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.21). Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The company had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $486.50 million. During the same quarter in the prior year, the business posted ($0.33) EPS. The company’s revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that Unisys Co. will post 0.31 earnings per share for the current fiscal year.

Unisys Company Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.