MetLife Investment Management LLC Has $168,000 Stake in Unisys Co. (NYSE:UIS)

MetLife Investment Management LLC lowered its stake in shares of Unisys Co. (NYSE:UIS) by 20.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,607 shares of the information technology services provider’s stock after selling 7,440 shares during the quarter. MetLife Investment Management LLC’s holdings in Unisys were worth $168,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its holdings in shares of Unisys by 67.2% during the 3rd quarter. GSA Capital Partners LLP now owns 365,589 shares of the information technology services provider’s stock worth $2,077,000 after acquiring an additional 146,899 shares during the period. Federated Hermes Inc. boosted its holdings 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 purchasing an additional 162,177 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Unisys by 738.6% in the 2nd quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider’s stock valued at $1,187,000 after purchasing an additional 253,108 shares during the last quarter. Newport Trust Company LLC increased its stake in shares of Unisys by 0.5% in the 2nd 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 purchasing an additional 6,894 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Unisys during the 2nd quarter worth $117,000. Institutional investors own 86.87% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research report on Monday.

Unisys Stock Up 3.6 %

Shares of UIS stock opened at $7.29 on Tuesday. Unisys Co. has a twelve month low of $3.32 and a twelve month high of $8.93. The stock’s fifty day simple moving average is $7.08 and its 200 day simple moving average is $5.58. The firm has a market capitalization of $505.63 million, a P/E ratio of -1.29, a P/E/G ratio of 1.51 and a beta of 0.75.

Unisys (NYSE:UIS) last released its quarterly 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). The firm had revenue of $497.00 million for the quarter, compared to the consensus estimate of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.33) earnings per share. As a group, equities research analysts expect that Unisys Co. will post 0.31 EPS for the current fiscal year.

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.