Charles Schwab Investment Management Inc. Sells 345,654 Shares of Unisys Co. (NYSE:UIS)

Charles Schwab Investment Management Inc. reduced its stake in Unisys Co. (NYSE:UIS) by 24.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,065,722 shares of the information technology services provider’s stock after selling 345,654 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.54% of Unisys worth $6,746,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UIS. Paloma Partners Management Co acquired a new stake in Unisys during the 3rd quarter worth about $60,000. Virtu Financial LLC acquired a new position in shares of Unisys during the 3rd quarter valued at $62,000. Calton & Associates Inc. acquired a new position in shares of Unisys during the 4th quarter valued at $63,000. Glenmede Trust Co. NA acquired a new stake in Unisys in the third quarter worth $68,000. Finally, Quadrature Capital Ltd bought a new stake in Unisys in the third quarter valued at $77,000. 86.87% of the stock is currently owned by institutional investors.

Unisys Stock Performance

UIS stock opened at $4.48 on Tuesday. The company has a market capitalization of $318.03 million, a P/E ratio of -1.58, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25. The business has a 50-day simple moving average of $5.60 and a two-hundred day simple moving average of $6.29. Unisys Co. has a 52-week low of $3.32 and a 52-week high of $8.93.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $545.40 million for the quarter, compared to the consensus estimate of $550.93 million. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. During the same period in the previous year, the firm earned $0.51 EPS. As a group, sell-side analysts forecast that Unisys Co. will post 0.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on UIS shares. Canaccord Genuity Group cut their price objective on shares of Unisys from $7.00 to $6.50 and set a “hold” rating on the stock in a research report on Thursday, February 20th. StockNews.com upgraded Unisys from a “hold” rating to a “buy” rating in a report on Thursday, February 13th.

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.