Bank of New York Mellon Corp Sells 106,228 Shares of Unisys Co. (NYSE:UIS)

Bank of New York Mellon Corp trimmed its position in shares of Unisys Co. (NYSE:UIS) by 32.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,905 shares of the information technology services provider’s stock after selling 106,228 shares during the period. Bank of New York Mellon Corp’s holdings in Unisys were worth $1,417,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in UIS. Zacks Investment Management bought a new position in shares of Unisys during the third quarter valued at approximately $860,000. JPMorgan Chase & Co. boosted its stake in shares of Unisys by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider’s stock valued at $13,215,000 after purchasing an additional 38,572 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Unisys by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock valued at $8,804,000 after purchasing an additional 10,277 shares in the last quarter. 272 Capital LP bought a new position in shares of Unisys during the third quarter valued at approximately $1,832,000. Finally, Barclays PLC boosted its stake in shares of Unisys by 127.6% during the third quarter. Barclays PLC now owns 126,819 shares of the information technology services provider’s stock valued at $722,000 after purchasing an additional 71,093 shares in the last quarter. 86.87% of the stock is currently owned by institutional investors.

Unisys Stock Performance

UIS opened at $4.24 on Monday. Unisys Co. has a fifty-two week low of $3.32 and a fifty-two week high of $8.93. The company has a fifty day moving average of $5.63 and a two-hundred day moving average of $6.30. The stock has a market capitalization of $300.97 million, a price-to-earnings ratio of -1.50, a PEG ratio of 0.56 and a beta of 1.25.

Unisys (NYSE:UIS) last released its earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $545.40 million during the quarter, compared to analysts’ expectations of $550.93 million. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. During the same quarter in the previous year, the company earned $0.51 earnings per share. On average, equities research analysts forecast that Unisys Co. will post 0.61 earnings per share for the current year.

Analyst Ratings Changes

UIS has been the subject of a number of analyst reports. StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Canaccord Genuity Group decreased their target price on shares of Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a research report on Thursday, February 20th.

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.