Federated Hermes Inc. Trims Stock Position in Unisys Co. (NYSE:UIS)

Federated Hermes Inc. trimmed its position in Unisys Co. (NYSE:UIS) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 988,723 shares of the information technology services provider’s stock after selling 251,747 shares during the quarter. Federated Hermes Inc.’s holdings in Unisys were worth $5,557,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp raised its position in shares of Unisys by 365.2% during the 4th quarter. Mackenzie Financial Corp now owns 47,954 shares of the information technology services provider’s stock valued at $270,000 after buying an additional 37,646 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of Unisys during the fourth quarter worth $34,000. Assenagon Asset Management S.A. boosted its position in shares of Unisys by 14.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 769,312 shares of the information technology services provider’s stock worth $4,324,000 after buying an additional 97,234 shares during the period. Diversified Trust Co acquired a new stake in shares of Unisys in the fourth quarter valued at $104,000. Finally, Vanguard Group Inc. raised its holdings in shares of Unisys by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,019,993 shares of the information technology services provider’s stock valued at $20,769,000 after buying an additional 111,332 shares during the period. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Stock Performance

NYSE UIS opened at $5.46 on Friday. The company has a debt-to-equity ratio of 78.55, a current ratio of 1.49 and a quick ratio of 1.47. The company has a market cap of $376.79 million, a P/E ratio of -0.86 and a beta of 0.97. The stock has a 50-day moving average of $5.43 and a two-hundred day moving average of $5.29. Unisys Co. has a 1-year low of $2.60 and a 1-year high of $8.12.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Wednesday, February 21st. The information technology services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.31. Unisys had a negative net margin of 21.37% and a negative return on equity of 577.16%. The firm had revenue of $557.60 million during the quarter, compared to analysts’ expectations of $535.28 million. During the same quarter in the previous year, the business posted $1.22 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. As a group, analysts anticipate that Unisys Co. will post -0.05 EPS for the current year.

About Unisys

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.