Royce & Associates LP Sells 547,867 Shares of Unisys Co. (UIS)

Royce & Associates LP decreased its holdings in shares of Unisys Co. (NYSE:UIS) by 24.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,695,203 shares of the information technology services provider’s stock after selling 547,867 shares during the quarter. Royce & Associates LP’s holdings in Unisys were worth $34,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of UIS. BlackRock Inc. grew its holdings in shares of Unisys by 111.8% during the third quarter. BlackRock Inc. now owns 7,366,240 shares of the information technology services provider’s stock valued at $150,272,000 after buying an additional 3,888,241 shares in the last quarter. Portolan Capital Management LLC grew its holdings in shares of Unisys by 308.2% during the second quarter. Portolan Capital Management LLC now owns 1,795,559 shares of the information technology services provider’s stock valued at $23,163,000 after buying an additional 1,355,703 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Unisys by 84.5% during the second quarter. Millennium Management LLC now owns 1,533,424 shares of the information technology services provider’s stock valued at $19,781,000 after buying an additional 702,521 shares in the last quarter. Wells Fargo & Company MN boosted its position in Unisys by 74.5% during the second quarter. Wells Fargo & Company MN now owns 953,609 shares of the information technology services provider’s stock valued at $12,301,000 after purchasing an additional 407,165 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Unisys by 127.2% during the third quarter. Bank of New York Mellon Corp now owns 652,922 shares of the information technology services provider’s stock valued at $13,319,000 after purchasing an additional 365,506 shares during the last quarter.

A number of analysts recently issued reports on UIS shares. Zacks Investment Research cut Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, November 17th. ValuEngine cut Unisys from a “buy” rating to a “hold” rating in a research report on Monday, November 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Unisys presently has a consensus rating of “Hold” and an average price target of $15.33.

UIS opened at $13.52 on Friday. The firm has a market cap of $691.38 million, a P/E ratio of 5.59 and a beta of 1.48. Unisys Co. has a 1 year low of $7.35 and a 1 year high of $20.95.

Unisys (NYSE:UIS) last released its quarterly earnings data on Thursday, November 8th. The information technology services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $688.30 million for the quarter, compared to analyst estimates of $669.60 million. Unisys had a net margin of 3.62% and a negative return on equity of 15.39%. Unisys’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS. Equities analysts forecast that Unisys Co. will post 1.64 EPS for the current year.

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Unisys Profile

Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.

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Institutional Ownership by Quarter for Unisys (NYSE:UIS)

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