Stoneridge Investment Partners LLC reduced its position in Unisys Corp. (NYSE:UIS) by 37.1% during the second quarter, Holdings Channel reports. The firm owned 141,853 shares of the company’s stock after selling 83,745 shares during the period. Stoneridge Investment Partners LLC’s holdings in Unisys Corp. were worth $1,033,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in Unisys Corp. by 113.8% in the second quarter. BNP Paribas Arbitrage SA now owns 14,472 shares of the company’s stock worth $105,000 after buying an additional 7,704 shares during the period. Bayesian Capital Management LP bought a new stake in Unisys Corp. during the first quarter worth approximately $150,000. Boothbay Fund Management LLC increased its stake in Unisys Corp. by 87.7% in the first quarter. Boothbay Fund Management LLC now owns 26,939 shares of the company’s stock worth $207,000 after buying an additional 12,588 shares during the period. Squarepoint Ops LLC bought a new stake in Unisys Corp. during the first quarter worth approximately $240,000. Finally, Credit Agricole S A bought a new stake in Unisys Corp. during the first quarter worth approximately $263,000.
Shares of Unisys Corp. (NYSE:UIS) traded up 0.43% during midday trading on Friday, hitting $9.45. 568,513 shares of the stock were exchanged. The stock’s market cap is $473.27 million. Unisys Corp. has a 12 month low of $6.72 and a 12 month high of $14.96. The firm’s 50-day moving average is $9.99 and its 200-day moving average is $8.37.
Unisys Corp. (NYSE:UIS) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.61) by $1.42. Unisys Corp. had a negative net margin of 0.91% and a negative return on equity of 12.92%. The firm had revenue of $748.90 million for the quarter, compared to the consensus estimate of $683.83 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. Equities research analysts predict that Unisys Corp. will post ($0.56) earnings per share for the current year.
A number of equities research analysts have commented on UIS shares. Zacks Investment Research raised shares of Unisys Corp. from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research report on Tuesday, July 19th. SunTrust Banks Inc. started coverage on shares of Unisys Corp. in a research report on Tuesday, June 21st. They issued a “buy” rating and a $11.00 target price for the company.
In other news, Director Nathaniel A. Davis sold 38,200 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $10.43, for a total transaction of $398,426.00. Following the transaction, the director now directly owns 3,654 shares in the company, valued at $38,111.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.
About Unisys Corp.
Unisys Corporation is an information technology (IT) company. The Company operates through two segments. Its Services segment includes cloud and infrastructure services, application services and business process outsourcing services. In cloud and infrastructure services, it helps clients apply cloud and as-a-service delivery models to manage and secure their IT infrastructure and operations.
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