State Street Corp Grows Holdings in Unisys Co. (NYSE:UIS)

State Street Corp increased its stake in Unisys Co. (NYSE:UIS) by 13.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,612,970 shares of the information technology services provider’s stock after buying an additional 188,630 shares during the period. State Street Corp owned about 2.33% of Unisys worth $9,162,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in Unisys in the third quarter worth about $36,000. Point72 DIFC Ltd bought a new stake in Unisys in the 2nd quarter valued at about $30,000. Cubist Systematic Strategies LLC acquired a new position in Unisys during the 2nd quarter valued at about $41,000. Creative Planning bought a new position in Unisys in the 3rd quarter worth about $58,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Unisys in the third quarter valued at approximately $60,000. 86.87% of the stock is owned by institutional investors and hedge funds.

Unisys Trading Up 2.2 %

Shares of NYSE UIS opened at $6.62 on Friday. Unisys Co. has a one year low of $3.32 and a one year high of $8.93. The business has a 50-day moving average price of $7.24 and a two-hundred day moving average price of $5.78. The firm has a market capitalization of $459.18 million, a PE ratio of -1.17, a PEG ratio of 1.52 and a beta of 0.75.

Unisys (NYSE:UIS) last announced 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 net margin of 19.24% and a negative return on equity of 27.42%. The firm had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. During the same period in the previous year, the firm posted ($0.33) EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts anticipate that Unisys Co. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Unisys from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Unisys 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.