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

Bank of America Corp DE increased its position in Unisys Corporation (NYSE:UIS) by 112.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 1.12% of Unisys Corporation worth $7,907,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. James Investment Research Inc. raised its stake in shares of Unisys Corporation by 0.5% in the first quarter. James Investment Research Inc. now owns 143,510 shares of the information technology services provider’s stock worth $2,002,000 after buying an additional 680 shares in the last quarter. First Heartland Consultants Inc. raised its stake in shares of 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 worth $1,304,000 after buying an additional 750 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Unisys Corporation by 7.1% in the first quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock worth $175,000 after buying an additional 821 shares in the last quarter. AMG Funds LLC raised its stake in shares of Unisys Corporation by 1.5% in the first quarter. AMG Funds LLC now owns 79,129 shares of the information technology services provider’s stock worth $1,104,000 after buying an additional 1,199 shares in the last quarter. Finally, Strs Ohio raised its position in Unisys Corporation by 3.6% in the first quarter. Strs Ohio now owns 54,700 shares of the information technology services provider’s stock valued at $763,000 after buying an additional 1,900 shares in the last quarter.

Unisys Corporation (NYSE UIS) traded down 9.49% during trading on Friday, hitting $7.15. The stock had a trading volume of 1,676,400 shares. The stock’s 50-day moving average price is $11.20 and its 200-day moving average price is $12.47. Unisys Corporation has a 1-year low of $7.10 and a 1-year high of $16.70. The company’s market capitalization is $360.85 million.

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 analysts’ consensus estimates 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 company had revenue of $666.20 million during the quarter, compared to the consensus estimate of $674.55 million. During the same period last year, the firm posted $0.81 EPS. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. Analysts expect that Unisys Corporation will post ($1.94) earnings per share for the current year.

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Several research firms have recently issued reports on UIS. BidaskClub lowered Unisys Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Zacks Investment Research lowered Unisys Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. ValuEngine lowered Unisys Corporation from a “strong-buy” rating to a “buy” rating in a report 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 report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Unisys Corporation currently has an average rating of “Hold” and a consensus target price of $13.67.

In other Unisys Corporation 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 sale, the director now owns 44,393 shares of the company’s stock, valued at approximately $548,253.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

About Unisys Corporation

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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