Alliancebernstein L.P. Sells 15,934 Shares of Unisys Co. (NYSE:UIS)

Alliancebernstein L.P. trimmed its stake in Unisys Co. (NYSE:UIS) by 18.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,190 shares of the information technology services provider’s stock after selling 15,934 shares during the period. Alliancebernstein L.P. owned about 0.10% of Unisys worth $438,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. State Street Corp lifted its position 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 valued at $9,162,000 after purchasing an additional 188,630 shares during the period. Jane Street Group LLC lifted its holdings in Unisys by 35.1% in the third quarter. Jane Street Group LLC now owns 137,966 shares of the information technology services provider’s stock valued at $784,000 after buying an additional 35,853 shares during the period. Barclays PLC boosted its stake in Unisys by 127.6% in the third quarter. Barclays PLC now owns 126,819 shares of the information technology services provider’s stock valued at $722,000 after acquiring an additional 71,093 shares during the last quarter. Geode Capital Management LLC grew 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 acquiring an additional 10,277 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Unisys during the 3rd quarter valued at $62,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on UIS shares. Canaccord Genuity Group reduced their target price on 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 Unisys from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th.

Unisys Trading Up 2.0 %

Shares of NYSE UIS opened at $3.94 on Monday. The business’s 50 day moving average is $4.49 and its 200-day moving average is $6.08. The firm has a market cap of $279.79 million, a P/E ratio of -1.39, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. Unisys Co. has a 1-year low of $3.32 and a 1-year high of $8.93.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $545.40 million for the quarter, compared to analyst estimates of $550.93 million. During the same quarter last year, the business posted $0.51 EPS. Analysts forecast that Unisys Co. will post 0.61 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.