Ameriprise Financial Inc. Trims Position in Unisys Co. (NYSE:UIS)

Ameriprise Financial Inc. cut its holdings in shares of Unisys Co. (NYSE:UIS) by 13.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 670,618 shares of the information technology services provider’s stock after selling 108,312 shares during the quarter. Ameriprise Financial Inc. owned 0.97% of Unisys worth $4,245,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Unisys by 2.3% during the 4th 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 during the last quarter. Geode Capital Management LLC raised its position in Unisys by 0.4% during the 4th 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 during the last quarter. Dimensional Fund Advisors LP raised its position in Unisys by 7.6% during the 4th 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 during the last quarter. Renaissance Technologies LLC raised its position in Unisys by 3.9% during the 4th 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 during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Unisys by 2.8% during the 4th quarter. Northern Trust Corp now owns 577,941 shares of the information technology services provider’s stock worth $3,658,000 after purchasing an additional 15,476 shares during the period. 86.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on UIS shares. Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Canaccord Genuity Group dropped their price objective on shares of Unisys from $7.00 to $6.50 and set a “hold” rating on the stock in a research note on Thursday, February 20th.

Unisys Price Performance

Shares of NYSE UIS opened at $4.77 on Monday. The stock has a market capitalization of $338.63 million, a price-to-earnings ratio of -1.68, a PEG ratio of 0.56 and a beta of 1.26. Unisys Co. has a 12 month low of $3.32 and a 12 month high of $8.93. The firm’s 50 day simple moving average is $4.41 and its 200-day simple moving average is $5.76.

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