Great Lakes Advisors LLC reduced its position in Unisys Co. (NYSE:UIS) by 47.3% during the first quarter, Holdings Channel reports. The institutional investor owned 108,913 shares of the information technology services provider’s stock after selling 97,907 shares during the period. Great Lakes Advisors LLC’s holdings in Unisys were worth $1,519,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in UIS. Federated Investors Inc. PA acquired a new stake in Unisys during the fourth quarter worth $198,000. Stoneridge Investment Partners LLC acquired a new stake in Unisys during the first quarter worth $203,000. Philadelphia Trust Co. acquired a new stake in Unisys during the third quarter worth $244,000. Quantitative Investment Management LLC acquired a new stake in Unisys during the first quarter worth $251,000. Finally, Diligent Investors LLC acquired a new stake in Unisys during the fourth quarter worth $268,000.
Shares of Unisys Co. (NYSE:UIS) traded down 0.84% on Friday, reaching $11.75. 434,179 shares of the company were exchanged. The company’s market cap is $592.28 million. The company’s 50-day moving average price is $12.14 and its 200 day moving average price is $13.46. Unisys Co. has a 12 month low of $6.72 and a 12 month high of $16.70.
Unisys (NYSE:UIS) last released its quarterly earnings results on Monday, April 24th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.08. Unisys had a negative net margin of 1.69% and a negative return on equity of 10.20%. The firm had revenue of $664.50 million during the quarter, compared to analyst estimates of $629.38 million. During the same quarter last year, the business earned $0.11 EPS. The company’s revenue was down .3% compared to the same quarter last year. On average, equities research analysts expect that Unisys Co. will post ($1.98) EPS for the current year.
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Separately, Zacks Investment Research downgraded shares of Unisys from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 1st.
Unisys Company Profile
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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