Price T Rowe Associates Inc. MD Boosts Position in Unisys Co. (NYSE:UIS)

Price T Rowe Associates Inc. MD boosted its holdings in Unisys Co. (NYSE:UIS) by 29.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 39,737 shares of the information technology services provider’s stock after buying an additional 8,998 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.06% of Unisys worth $252,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Unisys by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 7,096,464 shares of the information technology services provider’s stock worth $44,921,000 after buying an additional 157,919 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Unisys by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,556,325 shares of the information technology services provider’s stock worth $9,854,000 after buying an additional 6,672 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Unisys by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,259,543 shares of the information technology services provider’s stock worth $7,974,000 after buying an additional 88,506 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Unisys by 3.9% during the fourth quarter. Renaissance Technologies LLC now owns 805,800 shares of the information technology services provider’s stock worth $5,101,000 after buying an additional 30,400 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Unisys by 3.1% during the fourth quarter. New York State Common Retirement Fund now owns 535,564 shares of the information technology services provider’s stock worth $3,390,000 after buying an additional 16,321 shares in the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UIS shares. Canaccord Genuity Group decreased their price target on shares of Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a research report on Thursday, February 20th. StockNews.com downgraded shares of Unisys from a “buy” rating to a “hold” rating in a report on Monday, May 5th.

Unisys Stock Performance

UIS stock opened at $5.40 on Friday. Unisys Co. has a 1 year low of $3.32 and a 1 year high of $8.93. The stock’s fifty day moving average is $4.32 and its two-hundred day moving average is $5.86. The stock has a market capitalization of $383.41 million, a price-to-earnings ratio of -1.91, a PEG ratio of 0.56 and a beta of 1.26.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Wednesday, April 30th. The information technology services provider reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.19. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. The business had revenue of $432.10 million for the quarter, compared to analysts’ expectations of $441.20 million. As a group, analysts predict that Unisys Co. will post 0.61 EPS for the current fiscal 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.