JPMorgan Chase & Co. Decreases Stock Position in Unisys Corporation $UIS

JPMorgan Chase & Co. cut its holdings in Unisys Corporation (NYSE:UIS) by 19.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,376,253 shares of the information technology services provider’s stock after selling 338,440 shares during the period. JPMorgan Chase & Co.’s holdings in Unisys were worth $5,367,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Unisys by 4.6% in the second quarter. Geode Capital Management LLC now owns 1,796,445 shares of the information technology services provider’s stock worth $8,140,000 after purchasing an additional 78,523 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Unisys by 12.1% during the second quarter. Intech Investment Management LLC now owns 37,129 shares of the information technology services provider’s stock valued at $168,000 after purchasing an additional 4,007 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Unisys by 30.3% during the second quarter. Franklin Resources Inc. now owns 263,517 shares of the information technology services provider’s stock valued at $1,194,000 after buying an additional 61,235 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Unisys in the 2nd quarter worth about $61,000. Finally, New York State Common Retirement Fund increased its holdings in Unisys by 26.5% in the 2nd quarter. New York State Common Retirement Fund now owns 624,461 shares of the information technology services provider’s stock worth $2,829,000 after buying an additional 130,912 shares in the last quarter. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Unisys Price Performance

Shares of UIS opened at $2.07 on Thursday. The firm has a market capitalization of $149.36 million, a P/E ratio of -0.43, a PEG ratio of 0.23 and a beta of 1.46. Unisys Corporation has a one year low of $2.00 and a one year high of $6.06. The business has a fifty day moving average of $2.35 and a 200 day moving average of $2.92.

Unisys (NYSE:UIS) last posted its earnings results on Tuesday, February 24th. The information technology services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The company had revenue of $574.50 million for the quarter, compared to the consensus estimate of $569.76 million. Unisys had a negative return on equity of 26.77% and a negative net margin of 17.42%. Analysts expect that Unisys Corporation will post 0.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $4.00 target price on shares of Unisys in a research note on Wednesday, February 25th. Wall Street Zen upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st. Finally, William Blair initiated coverage on shares of Unisys in a research report on Wednesday, December 10th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.67.

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.