State Street Corp Buys 188,630 Shares of Unisys Co. (NYSE:UIS)

State Street Corp lifted its position in Unisys Co. (NYSE:UIS) by 13.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,612,970 shares of the information technology services provider’s stock after purchasing an additional 188,630 shares during the quarter. State Street Corp’s holdings in Unisys were worth $9,162,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Unisys by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 27,123 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 2,119 shares during the last quarter. ProShare Advisors LLC lifted its position in Unisys by 49.1% during the 2nd quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider’s stock worth $74,000 after buying an additional 5,866 shares in the last quarter. nVerses Capital LLC bought a new position in Unisys in the 3rd quarter worth approximately $36,000. Newport Trust Company LLC lifted its holdings in Unisys by 0.5% in the second quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider’s stock valued at $5,389,000 after buying an additional 6,894 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in Unisys in the second quarter valued at about $30,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Unisys from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Unisys Price Performance

Shares of NYSE:UIS opened at $6.62 on Friday. The stock has a market capitalization of $459.18 million, a PE ratio of -1.17, a price-to-earnings-growth ratio of 1.52 and a beta of 0.75. Unisys Co. has a one year low of $3.32 and a one year high of $8.93. The company’s 50-day moving average price is $7.24 and its two-hundred day moving average price is $5.78.

Unisys (NYSE:UIS) last released its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.21). Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The company had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. During the same period in the prior year, the company earned ($0.33) earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, analysts anticipate that Unisys Co. will post 0.31 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.