Cubist Systematic Strategies LLC Makes New Investment in Unisys Co. (NYSE:UIS)

Cubist Systematic Strategies LLC bought a new position in Unisys Co. (NYSE:UIS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,030 shares of the information technology services provider’s stock, valued at approximately $41,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Unisys by 4.8% in the first quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock worth $32,076,000 after acquiring an additional 300,941 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Unisys by 13.8% during the second quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock valued at $5,510,000 after buying an additional 162,177 shares during the last quarter. Newport Trust Company LLC raised its holdings in shares of Unisys by 0.5% during the second quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider’s stock valued at $5,389,000 after buying an additional 6,894 shares during the last quarter. Kovack Advisors Inc. raised its holdings in shares of Unisys by 5.2% during the first quarter. Kovack Advisors Inc. now owns 808,507 shares of the information technology services provider’s stock valued at $3,970,000 after buying an additional 40,107 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Unisys by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 386,918 shares of the information technology services provider’s stock valued at $1,598,000 after buying an additional 17,705 shares during the last quarter. Institutional investors own 86.87% of the company’s stock.

Unisys Trading Up 3.7 %

UIS opened at $6.77 on Thursday. The business’s 50 day moving average is $5.48 and its 200-day moving average is $5.01. The stock has a market cap of $468.68 million, a PE ratio of -1.14, a price-to-earnings-growth ratio of 1.79 and a beta of 0.78. Unisys Co. has a twelve month low of $2.60 and a twelve month high of $8.12.

Unisys (NYSE:UIS) last released its quarterly earnings results on Monday, August 5th. The information technology services provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.17. Unisys had a negative return on equity of 24.50% and a negative net margin of 18.95%. The company had revenue of $478.20 million for the quarter, compared to analysts’ expectations of $485.93 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, analysts forecast that Unisys Co. will post 0.24 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut Unisys from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th.

Unisys Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.