Axa Acquires New Position in Unisys Co. (UIS)

Axa acquired a new stake in shares of Unisys Co. (NYSE:UIS) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 229,300 shares of the information technology services provider’s stock, valued at approximately $4,678,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in Unisys in the 3rd quarter worth about $130,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Unisys in the 3rd quarter worth about $219,000. Creative Planning acquired a new stake in Unisys in the 2nd quarter worth about $140,000. Meeder Asset Management Inc. boosted its stake in Unisys by 305.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 11,056 shares of the information technology services provider’s stock worth $143,000 after buying an additional 8,329 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its stake in Unisys by 1,241.4% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 11,751 shares of the information technology services provider’s stock worth $240,000 after buying an additional 10,875 shares during the last quarter.

A number of analysts have issued reports on UIS shares. ValuEngine raised Unisys from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research lowered Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $15.33.

Unisys stock opened at $13.52 on Friday. The stock has a market capitalization of $691.38 million, a PE ratio of 5.59 and a beta of 1.48. Unisys Co. has a 12 month low of $7.35 and a 12 month 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 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $688.30 million during the quarter, compared to analysts’ expectations of $669.60 million. Unisys had a negative return on equity of 15.39% and a net margin of 3.62%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. As a group, equities research analysts anticipate that Unisys Co. will post 1.64 earnings per share 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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