Bank of New York Mellon Corp Buys 16,687 Shares of Unisys Co. (UIS)
Bank of New York Mellon Corp grew its stake in shares of Unisys Co. (NYSE:UIS) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 289,713 shares of the information technology services provider’s stock after buying an additional 16,687 shares during the period. Bank of New York Mellon Corp’s holdings in Unisys were worth $2,462,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in UIS. Stifel Financial Corp purchased a new position in Unisys during the second quarter worth $141,000. Bayesian Capital Management LP purchased a new position in Unisys during the second quarter worth $157,000. BNP Paribas Arbitrage SA increased its position in Unisys by 117.6% during the second quarter. BNP Paribas Arbitrage SA now owns 19,142 shares of the information technology services provider’s stock worth $245,000 after buying an additional 10,345 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in Unisys by 4,549.0% during the second quarter. Thompson Davis & CO. Inc. now owns 23,245 shares of the information technology services provider’s stock worth $298,000 after buying an additional 22,745 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Unisys by 1.9% during the second quarter. Schroder Investment Management Group now owns 23,936 shares of the information technology services provider’s stock worth $305,000 after buying an additional 441 shares in the last quarter.
UIS has been the subject of a number of recent analyst reports. ValuEngine raised Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research raised Unisys from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Loop Capital lowered their price objective on Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.00.
Unisys (NYSE:UIS) last announced its quarterly earnings data on Monday, October 30th. The information technology services provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.87. The business had revenue of $666.30 million during the quarter, compared to the consensus estimate of $637.10 million. Unisys had a negative return on equity of 5.32% and a negative net margin of 4.30%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. analysts expect that Unisys Co. will post 1.32 EPS for the current year.
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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