Russell Investments Group Ltd. Has $464,000 Position in Unisys Co. (NYSE:UIS)

Russell Investments Group Ltd. trimmed its stake in Unisys Co. (NYSE:UIS) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,267 shares of the information technology services provider’s stock after selling 14,570 shares during the period. Russell Investments Group Ltd. owned about 0.11% of Unisys worth $464,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in shares of Unisys by 14.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 32,254 shares of the information technology services provider’s stock valued at $204,000 after buying an additional 4,143 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Unisys by 95.8% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 61,176 shares of the information technology services provider’s stock worth $387,000 after acquiring an additional 29,928 shares during the period. Cullen Capital Management LLC boosted its holdings in Unisys by 46.3% in the fourth quarter. Cullen Capital Management LLC now owns 62,290 shares of the information technology services provider’s stock valued at $394,000 after acquiring an additional 19,712 shares during the last quarter. Wells Fargo & Company MN increased its position in Unisys by 9.4% during the 4th quarter. Wells Fargo & Company MN now owns 58,139 shares of the information technology services provider’s stock valued at $368,000 after purchasing an additional 5,019 shares during the period. Finally, Integrated Quantitative Investments LLC acquired a new stake in shares of Unisys during the fourth quarter worth $237,000. 86.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on UIS. 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 Unisys from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th.

Unisys Stock Up 2.1 %

Shares of UIS stock opened at $4.07 on Thursday. The company has a market cap of $288.89 million, a price-to-earnings ratio of -1.44, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. Unisys Co. has a 52 week low of $3.32 and a 52 week high of $8.93. The firm has a 50 day moving average of $4.32 and a 200-day moving average of $6.03.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $545.40 million during the quarter, compared to the consensus estimate of $550.93 million. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. During the same period in the previous year, the firm posted $0.51 earnings per share. Analysts anticipate that Unisys Co. will post 0.61 earnings per share for the current year.

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.