Martingale Asset Management L P Sells 30,297 Shares of Unisys Co. (NYSE:UIS)

Martingale Asset Management L P decreased its stake in shares of Unisys Co. (NYSE:UISGet Rating) by 73.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,143 shares of the information technology services provider’s stock after selling 30,297 shares during the period. Martingale Asset Management L P’s holdings in Unisys were worth $135,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UIS. Integrated Wealth Concepts LLC boosted its holdings in Unisys by 49.4% during the second quarter. Integrated Wealth Concepts LLC now owns 76,963 shares of the information technology services provider’s stock worth $926,000 after purchasing an additional 25,434 shares during the last quarter. Princeton Capital Management LLC acquired a new position in Unisys during the first quarter worth $206,000. Money Concepts Capital Corp boosted its holdings in Unisys by 13.9% during the second quarter. Money Concepts Capital Corp now owns 13,390 shares of the information technology services provider’s stock worth $166,000 after purchasing an additional 1,632 shares during the last quarter. B. Riley Financial Inc. acquired a new position in Unisys during the second quarter worth $2,763,000. Finally, Gladius Capital Management LP acquired a new position in Unisys during the second quarter worth $281,000. Institutional investors own 97.42% of the company’s stock.

Unisys Stock Down 2.4 %

UIS stock opened at $4.47 on Thursday. Unisys Co. has a 12 month low of $4.22 and a 12 month high of $23.10. The firm has a market cap of $303.00 million, a P/E ratio of -1.23 and a beta of 0.88. The company’s 50-day moving average price is $7.58 and its two-hundred day moving average price is $10.12.

Unisys (NYSE:UISGet Rating) last posted its quarterly earnings results on Monday, November 7th. The information technology services provider reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.17. Unisys had a negative net margin of 12.52% and a negative return on equity of 28.38%. The company had revenue of $461.20 million for the quarter, compared to the consensus estimate of $474.95 million. During the same period last year, the company posted $0.10 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year.

Analyst Ratings Changes

Several research analysts recently commented on UIS shares. StockNews.com initiated coverage on shares of Unisys in a report on Wednesday, October 12th. They set a “hold” rating for the company. CJS Securities cut shares of Unisys from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 9th. Canaccord Genuity Group cut shares of Unisys from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $5.00 in a research note on Wednesday, November 9th. Finally, Canaccord Genuity Group cut shares of Unisys from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $5.00 in a research note on Wednesday, November 9th.

About Unisys

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Unisys Corporation, together with its subsidiaries, operates as an information technology services company worldwide. It operates in Digital Workplace Solutions (DWS); Cloud and Infrastructure Solutions (C&I); and Enterprise Computing Solutions (ECS) segments. The DWS segment provides solutions that transform digital workplaces securely and create exceptional end-user experiences.

See Also

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Institutional Ownership by Quarter for Unisys (NYSE:UIS)

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