Creative Planning Purchases New Holdings in Unisys Co. (NYSE:UIS)

Creative Planning bought a new stake in Unisys Co. (NYSE:UIS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,229 shares of the information technology services provider’s stock, valued at approximately $58,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Unisys by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock valued at $32,076,000 after purchasing an additional 300,941 shares during the period. Federated Hermes Inc. raised its position in shares of Unisys by 13.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock valued at $5,510,000 after acquiring an additional 162,177 shares during the period. Bank of Montreal Can boosted its position in shares of Unisys by 738.6% during the second quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider’s stock worth $1,187,000 after purchasing an additional 253,108 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Unisys in the 1st quarter valued at $133,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Unisys by 6.1% during the first quarter. Public Employees Retirement System of Ohio now owns 67,333 shares of the information technology services provider’s stock worth $331,000 after purchasing an additional 3,886 shares during the period. 86.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a research note on Tuesday.

Unisys Price Performance

Unisys stock opened at $8.09 on Wednesday. Unisys Co. has a one year low of $3.32 and a one year high of $8.49. The company has a market cap of $560.80 million, a price-to-earnings ratio of -1.43, a P/E/G ratio of 1.74 and a beta of 0.73. The firm has a 50-day moving average of $6.18 and a 200-day moving average of $5.19.

Unisys (NYSE:UIS) last released its earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.21). Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The firm had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. During the same period in the prior year, the business posted ($0.33) earnings per share. Unisys’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts expect that Unisys Co. will post 0.31 earnings per share for the current year.

About Unisys

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.