Macquarie Group Ltd. Buys New Stake in Unisys Co. (UIS)

Macquarie Group Ltd. bought a new position in Unisys Co. (NYSE:UIS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 45,440 shares of the information technology services provider’s stock, valued at approximately $386,000. Macquarie Group Ltd. owned about 0.09% of Unisys at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in UIS. Vanguard Group Inc. lifted its position in Unisys by 18.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,715,192 shares of the information technology services provider’s stock worth $85,954,000 after buying an additional 1,058,172 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in Unisys in the 2nd quarter worth approximately $12,709,000. Towle & Co. lifted its position in Unisys by 31.0% in the 3rd quarter. Towle & Co. now owns 2,976,222 shares of the information technology services provider’s stock worth $25,298,000 after buying an additional 704,306 shares during the last quarter. Alliancebernstein L.P. lifted its position in Unisys by 35.6% in the 2nd quarter. Alliancebernstein L.P. now owns 2,400,663 shares of the information technology services provider’s stock worth $30,728,000 after buying an additional 629,880 shares during the last quarter. Finally, Fairpointe Capital LLC lifted its position in Unisys by 3.9% in the 2nd quarter. Fairpointe Capital LLC now owns 6,021,503 shares of the information technology services provider’s stock worth $77,075,000 after buying an additional 228,358 shares during the last quarter.

Shares of Unisys Co. (NYSE:UIS) traded up $0.45 during mid-day trading on Friday, reaching $8.30. The company’s stock had a trading volume of 729,697 shares, compared to its average volume of 419,035. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of -0.38. Unisys Co. has a 12-month low of $6.90 and a 12-month high of $16.70. The company has a market capitalization of $418.93, a P/E ratio of 6.80 and a beta of 1.86.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Monday, October 30th. The information technology services provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.87. Unisys had a negative return on equity of 5.32% and a negative net margin of 4.30%. The firm had revenue of $666.30 million during the quarter, compared to the consensus estimate of $637.10 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. equities analysts forecast that Unisys Co. will post 1.32 EPS for the current year.

A number of analysts recently weighed in on UIS shares. ValuEngine upgraded Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Loop Capital dropped their target price on Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, October 31st. Zacks Investment Research upgraded Unisys from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub upgraded Unisys from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.00.

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About Unisys

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.

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Institutional Ownership by Quarter for Unisys (NYSE:UIS)

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