Franklin Resources Inc. Has $1.19 Million Holdings in Unisys Co. (NYSE:UIS)

Franklin Resources Inc. lessened its stake in shares of Unisys Co. (NYSE:UIS) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,177 shares of the information technology services provider’s stock after selling 1,791 shares during the period. Franklin Resources Inc. owned 0.27% of Unisys worth $1,192,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in Unisys during the second quarter valued at approximately $30,000. nVerses Capital LLC bought a new stake in shares of Unisys in the third quarter worth $36,000. Cubist Systematic Strategies LLC bought a new stake in shares of Unisys in the 2nd quarter valued at about $41,000. Oak Thistle LLC bought a new stake in Unisys in the second quarter valued at approximately $52,000. Finally, Creative Planning bought a new position in Unisys during the third quarter worth $58,000. Institutional investors own 86.87% of the company’s stock.

Unisys Stock Down 3.0 %

Shares of NYSE:UIS opened at $6.42 on Friday. The firm has a market capitalization of $445.31 million, a price-to-earnings ratio of -1.13, a PEG ratio of 1.52 and a beta of 0.75. The stock’s 50 day moving average is $7.23 and its 200-day moving average is $5.79. Unisys Co. has a twelve month low of $3.32 and a twelve month high of $8.93.

Unisys (NYSE:UIS) last issued its quarterly earnings data 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). The company had revenue of $497.00 million during 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%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned ($0.33) earnings per share. Equities research analysts anticipate that Unisys Co. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised Unisys from a “hold” rating to a “buy” rating in a research note on Saturday.

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.