11,320 Shares in Unisys Co. (NYSE:UIS) Acquired by Inceptionr LLC

Inceptionr LLC acquired a new position in shares of Unisys Co. (NYSE:UIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,320 shares of the information technology services provider’s stock, valued at approximately $72,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Needham Investment Management LLC raised its holdings in Unisys by 7.9% during the 3rd quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock worth $29,820,000 after buying an additional 385,000 shares during the period. JPMorgan Chase & Co. raised its holdings in Unisys by 1.7% during 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 buying an additional 38,572 shares during the period. State Street Corp raised its holdings in Unisys by 13.2% during the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock worth $9,162,000 after buying an additional 188,630 shares during the period. Geode Capital Management LLC raised its holdings in 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 worth $8,804,000 after buying an additional 10,277 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Unisys by 3.1% during the 4th quarter. New York State Common Retirement Fund now owns 535,564 shares of the information technology services provider’s stock worth $3,390,000 after buying an additional 16,321 shares during the period. Institutional investors own 86.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Canaccord Genuity Group dropped their target price on shares of Unisys from $7.00 to $6.50 and set a “hold” rating on the stock in a report on Thursday, February 20th. StockNews.com upgraded shares of Unisys from a “hold” rating to a “buy” rating in a report on Thursday, February 13th.

Unisys Stock Down 2.3 %

NYSE UIS opened at $4.08 on Tuesday. Unisys Co. has a 12-month low of $3.32 and a 12-month high of $8.93. The company has a market capitalization of $283.64 million, a PE ratio of -1.44, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25. The firm’s 50 day moving average is $6.05 and its 200-day moving average is $6.39.

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, beating analysts’ consensus estimates of $0.30 by $0.03. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. The company had revenue of $545.40 million for the quarter, compared to the consensus estimate of $550.93 million. During the same period last year, the company earned $0.51 earnings per share. As a group, sell-side analysts expect that Unisys Co. will post 0.61 EPS for the current year.

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.