Principal Financial Group Inc. grew its position in shares of Unisys Co. (NYSE:UIS) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 460,119 shares of the information technology services provider’s stock after purchasing an additional 48,223 shares during the quarter. Principal Financial Group Inc. owned approximately 0.90% of Unisys worth $5,351,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of UIS. Oppenheimer Asset Management Inc. bought a new position in shares of Unisys during the fourth quarter worth about $25,000. NumerixS Investment Technologies Inc bought a new stake in Unisys in the fourth quarter worth approximately $49,000. Pearl River Capital LLC bought a new stake in Unisys in the fourth quarter worth approximately $73,000. Riverhead Capital Management LLC bought a new stake in Unisys in the third quarter worth approximately $110,000. Finally, Blueshift Asset Management LLC bought a new stake in Unisys in the fourth quarter worth approximately $123,000.
Shares of UIS stock opened at $11.40 on Monday. The company has a market capitalization of $590.09 million, a price-to-earnings ratio of 5.85 and a beta of 1.45. Unisys Co. has a fifty-two week low of $10.46 and a fifty-two week high of $20.95.
Unisys (NYSE:UIS) last issued its earnings results on Tuesday, February 12th. The information technology services provider reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.31. The business had revenue of $760.90 million during the quarter, compared to the consensus estimate of $752.00 million. Unisys had a negative return on equity of 10.65% and a net margin of 2.67%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. On average, equities analysts anticipate that Unisys Co. will post 1.88 EPS for the current year.
A number of equities research analysts have weighed in on UIS shares. ValuEngine upgraded Unisys from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. SunTrust Banks lowered their target price on Unisys to $17.00 and set a “buy” rating for the company in a report on Thursday. Finally, Zacks Investment Research upgraded Unisys from a “sell” rating to a “buy” rating and set a $14.00 target price for the company in a report on Friday, January 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.67.
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Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.
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