Shares of Unisys Co. (NYSE:UIS) were down 9.7% during mid-day trading on Tuesday . The company traded as low as $21.26 and last traded at $24.03. Approximately 1,149,627 shares traded hands during mid-day trading, an increase of 81% from the average daily volume of 636,475 shares. The stock had previously closed at $26.60.
Separately, Sidoti began coverage on Unisys in a research note on Monday, December 7th. They set a “buy” rating on the stock.
The company has a market cap of $1.51 billion, a PE ratio of 1.65 and a beta of 0.54. The business has a 50 day simple moving average of $23.98 and a two-hundred day simple moving average of $16.12.
Unisys (NYSE:UIS) last issued its quarterly earnings results on Sunday, February 21st. The information technology services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.28. Unisys had a negative return on equity of 14.56% and a net margin of 41.67%. The company had revenue of $576.90 million for the quarter, compared to analyst estimates of $556.17 million. During the same quarter in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was down 22.2% compared to the same quarter last year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Unisys by 5.1% in the 4th quarter. BlackRock Inc. now owns 9,696,501 shares of the information technology services provider’s stock worth $190,827,000 after buying an additional 467,154 shares during the period. Boston Partners raised its position in shares of Unisys by 10.5% in the 4th quarter. Boston Partners now owns 2,203,010 shares of the information technology services provider’s stock worth $43,355,000 after buying an additional 210,057 shares during the period. State Street Corp raised its position in shares of Unisys by 4.1% in the 3rd quarter. State Street Corp now owns 2,048,610 shares of the information technology services provider’s stock worth $21,859,000 after buying an additional 80,502 shares during the period. ArrowMark Colorado Holdings LLC raised its position in shares of Unisys by 12.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,707,381 shares of the information technology services provider’s stock worth $18,218,000 after buying an additional 186,797 shares during the period. Finally, Kennedy Capital Management Inc. raised its position in shares of Unisys by 4.5% in the 4th quarter. Kennedy Capital Management Inc. now owns 1,571,504 shares of the information technology services provider’s stock worth $30,927,000 after buying an additional 68,270 shares during the period. 98.65% of the stock is currently owned by institutional investors and hedge funds.
Unisys Company Profile (NYSE:UIS)
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. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security consulting services, the Unisys Incident Response Ecosystem subscription service, and the TrustCheck cyber risk management solution.
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