JPMorgan Chase & Co. Grows Stock Position in Unisys Co. (NYSE:UIS)

JPMorgan Chase & Co. raised its holdings in Unisys Co. (NYSE:UIS) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,326,509 shares of the information technology services provider’s stock after buying an additional 38,572 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.35% of Unisys worth $13,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in Unisys in the third quarter valued at approximately $36,000. Point72 DIFC Ltd acquired a new position in shares of Unisys in the 2nd quarter valued at $30,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Unisys during the 2nd quarter valued at $41,000. Creative Planning acquired a new stake in shares of Unisys during the 3rd quarter worth $58,000. Finally, Paloma Partners Management Co purchased a new position in shares of Unisys in the 3rd quarter worth $60,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Unisys from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th.

Unisys Stock Performance

UIS opened at $6.27 on Friday. Unisys Co. has a 1 year low of $3.32 and a 1 year high of $8.93. The firm has a 50 day moving average price of $7.29 and a 200 day moving average price of $5.96. The company has a market cap of $434.91 million, a PE ratio of -1.11, a price-to-earnings-growth ratio of 1.52 and a beta of 0.79.

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