Connor Clark & Lunn Investment Management Ltd. Makes New $438,000 Investment in Unisys Corporation $UIS

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Unisys Corporation (NYSE:UIS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 96,758 shares of the information technology services provider’s stock, valued at approximately $438,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of Unisys at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaQuest LLC boosted its position in Unisys by 56.9% during the 1st quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider’s stock worth $45,000 after buying an additional 3,523 shares during the period. Byrne Asset Management LLC bought a new position in shares of Unisys during the second quarter valued at $46,000. Los Angeles Capital Management LLC bought a new stake in shares of Unisys in the second quarter worth $53,000. Kapitalo Investimentos Ltda bought a new stake in shares of Unisys in the second quarter worth $54,000. Finally, Virtu Financial LLC increased its holdings in Unisys by 18.6% in the first quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 2,230 shares during the period. 86.87% of the stock is currently owned by institutional investors.

Unisys Stock Down 3.4%

Shares of UIS stock opened at $2.39 on Friday. The firm has a 50 day moving average of $3.54 and a 200-day moving average of $4.09. The company has a market cap of $170.06 million, a price-to-earnings ratio of -2.02, a price-to-earnings-growth ratio of 0.52 and a beta of 1.42. Unisys Corporation has a 52 week low of $2.37 and a 52 week high of $8.93.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Thursday, June 15th. The information technology services provider reported ($0.02) EPS for the quarter. The company had revenue of $446.70 million during the quarter. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%. Analysts anticipate that Unisys Corporation will post 0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on UIS. Jefferies Financial Group began coverage on Unisys in a report on Monday, September 22nd. They set a “hold” rating and a $4.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research report on Wednesday, October 8th. Needham & Company LLC cut their price objective on Unisys from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Maxim Group upgraded Unisys from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Monday, August 4th. Finally, Wall Street Zen lowered shares of Unisys from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Unisys presently has a consensus rating of “Hold” and a consensus price target of $5.88.

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.