Bank of America Corp DE Purchases 30,013 Shares of Unisys Co. (NYSE:UIS)

Bank of America Corp DE lifted its position in shares of Unisys Co. (NYSE:UIS) by 31.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,532 shares of the information technology services provider’s stock after acquiring an additional 30,013 shares during the quarter. Bank of America Corp DE owned approximately 0.18% of Unisys worth $788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its position in Unisys by 17.7% during the 4th quarter. SG Americas Securities LLC now owns 26,899 shares of the information technology services provider’s stock worth $170,000 after buying an additional 4,045 shares during the period. New York State Common Retirement Fund grew its stake in shares of Unisys by 3.1% in 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 purchasing an additional 16,321 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Unisys in the fourth quarter valued at $77,000. Inceptionr LLC acquired a new stake in Unisys in the fourth quarter valued at $72,000. Finally, AlphaQuest LLC bought a new position in Unisys during the 4th quarter worth $39,000. Institutional investors own 86.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UIS shares. Wall Street Zen upgraded Unisys from a “hold” rating to a “buy” rating in a research report on Saturday. 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.

Unisys Stock Up 3.4%

UIS opened at $4.57 on Monday. Unisys Co. has a twelve month low of $3.32 and a twelve month high of $8.93. The company has a fifty day moving average of $4.46 and a 200-day moving average of $5.54. The stock has a market cap of $324.78 million, a PE ratio of -1.61, a price-to-earnings-growth ratio of 0.56 and a beta of 1.35.

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