Unisys Corporation (UIS) Shares Bought by Bank of America Corp DE

Bank of America Corp DE raised its position in shares of Unisys Corporation (NYSE:UIS) by 112.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 566,798 shares of the information technology services provider’s stock after buying an additional 299,522 shares during the period. Bank of America Corp DE owned 1.12% of Unisys Corporation worth $7,907,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in Unisys Corporation by 10.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 564,385 shares of the information technology services provider’s stock valued at $7,874,000 after buying an additional 54,696 shares during the period. KCG Holdings Inc. boosted its stake in Unisys Corporation by 30.3% in the first quarter. KCG Holdings Inc. now owns 34,460 shares of the information technology services provider’s stock valued at $481,000 after buying an additional 8,015 shares during the period. First Heartland Consultants Inc. boosted its stake in Unisys Corporation by 0.8% in the first quarter. First Heartland Consultants Inc. now owns 93,500 shares of the information technology services provider’s stock valued at $1,304,000 after buying an additional 750 shares during the period. Kennedy Capital Management Inc. boosted its stake in Unisys Corporation by 302.0% in the first quarter. Kennedy Capital Management Inc. now owns 696,729 shares of the information technology services provider’s stock valued at $9,719,000 after buying an additional 523,430 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Unisys Corporation by 6.3% in the first quarter. Geode Capital Management LLC now owns 363,586 shares of the information technology services provider’s stock valued at $5,072,000 after buying an additional 21,585 shares during the period.

Shares of Unisys Corporation (UIS) opened at 8.21 on Friday. The company’s 50 day moving average price is $11.91 and its 200-day moving average price is $12.65. The firm’s market capitalization is $414.35 million. Unisys Corporation has a 52 week low of $7.95 and a 52 week high of $16.70.

Unisys Corporation (NYSE:UIS) last posted its earnings results on Tuesday, August 1st. The information technology services provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.34. Unisys Corporation had a negative return on equity of 5.94% and a negative net margin of 3.81%. The firm had revenue of $666.20 million for the quarter, compared to the consensus estimate of $674.55 million. During the same period in the prior year, the business earned $0.81 EPS. Unisys Corporation’s quarterly revenue was down 11.0% compared to the same quarter last year. On average, equities research analysts expect that Unisys Corporation will post ($1.94) EPS for the current fiscal year.

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Several equities research analysts have recently commented on the company. BidaskClub cut Unisys Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research cut Unisys Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. ValuEngine cut Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, SunTrust Banks, Inc. set a $15.00 target price on Unisys Corporation and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.67.

In related news, Director Alison Davis sold 10,639 shares of Unisys Corporation stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $12.35, for a total value of $131,391.65. Following the completion of the transaction, the director now directly owns 44,393 shares in the company, valued at approximately $548,253.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Unisys Corporation Company Profile

Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.

Institutional Ownership by Quarter for Unisys Corporation (NYSE:UIS)

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