Chicago Equity Partners LLC Takes $2.61 Million Position in Unisys Co. (UIS)
Chicago Equity Partners LLC purchased a new stake in shares of Unisys Co. (NYSE:UIS) in the third quarter, HoldingsChannel reports. The institutional investor purchased 128,155 shares of the information technology services provider’s stock, valued at approximately $2,614,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Engineers Gate Manager LP boosted its stake in Unisys by 85.6% during the third quarter. Engineers Gate Manager LP now owns 99,493 shares of the information technology services provider’s stock valued at $2,030,000 after buying an additional 45,897 shares during the last quarter. Sterling Capital Management LLC bought a new position in Unisys during the third quarter valued at approximately $917,000. Harvest Fund Management Co. Ltd bought a new position in Unisys during the third quarter valued at approximately $546,000. Acadian Asset Management LLC boosted its stake in Unisys by 254.5% during the third quarter. Acadian Asset Management LLC now owns 451,392 shares of the information technology services provider’s stock valued at $9,208,000 after buying an additional 324,058 shares during the last quarter. Finally, G&S Capital LLC bought a new position in Unisys during the third quarter valued at approximately $471,000.
UIS has been the subject of a number of research reports. SunTrust Banks reissued a “buy” rating and set a $16.00 price target on shares of Unisys in a research note on Wednesday, August 1st. Zacks Investment Research raised Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research note on Thursday, August 2nd. Finally, ValuEngine raised Unisys from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $15.33.
Unisys (NYSE:UIS) last posted its quarterly earnings data on Thursday, November 8th. The information technology services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $688.30 million during the quarter, compared to the consensus estimate of $669.60 million. Unisys had a net margin of 1.95% and a negative return on equity of 13.59%. Unisys’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. On average, equities analysts anticipate that Unisys Co. will post 1.92 EPS for the current year.
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Unisys Company Profile
Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.
Further Reading: Cost of Capital
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