Needham Investment Management LLC Has $13.28 Million Stake in Unisys Corporation $UIS

Needham Investment Management LLC decreased its position in Unisys Corporation (NYSE:UIS) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,812,200 shares of the information technology services provider’s stock after selling 277,800 shares during the quarter. Needham Investment Management LLC owned about 0.07% of Unisys worth $13,282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Palisade Capital Management LP boosted its position in shares of Unisys by 17.4% in the second quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider’s stock valued at $7,966,000 after acquiring an additional 260,716 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Unisys by 36.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider’s stock valued at $4,816,000 after acquiring an additional 468,340 shares during the period. Millennium Management LLC boosted its position in shares of Unisys by 170.6% in the third quarter. Millennium Management LLC now owns 1,726,339 shares of the information technology services provider’s stock valued at $6,733,000 after acquiring an additional 1,088,380 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Unisys by 18.9% in the second quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock valued at $7,768,000 after acquiring an additional 272,627 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Unisys by 29.1% in the fourth quarter. Federated Hermes Inc. now owns 1,494,555 shares of the information technology services provider’s stock valued at $4,125,000 after acquiring an additional 336,711 shares during the period. Institutional investors and hedge funds own 86.87% of the company’s stock.

Insiders Place Their Bets

In related news, Director Philippe Germond sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $4.15, for a total transaction of $83,000.00. Following the completion of the sale, the director owned 236,453 shares of the company’s stock, valued at $981,279.95. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 43,846 shares of company stock worth $156,102 over the last three months. Corporate insiders own 11.56% of the company’s stock.

Unisys Stock Performance

Shares of Unisys stock opened at $3.77 on Tuesday. The firm has a 50-day moving average of $3.07 and a 200-day moving average of $2.76. The stock has a market cap of $274.91 million, a PE ratio of -0.78, a PEG ratio of 0.35 and a beta of 1.83. Unisys Corporation has a 52-week low of $1.97 and a 52-week high of $4.98.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.12. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. The business had revenue of $437.60 million during the quarter, compared to analysts’ expectations of $415.64 million. Equities research analysts predict that Unisys Corporation will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UIS has been the subject of a number of recent research reports. Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th. Needham & Company LLC boosted their target price on shares of Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Zacks Research raised shares of Unisys from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Unisys currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.33.

Unisys Profile

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.