SG Americas Securities LLC Boosts Holdings in Unisys Co. (NYSE:UIS)

SG Americas Securities LLC raised its holdings in shares of Unisys Co. (NYSE:UIS) by 91.2% in the third quarter, Holdings Channel reports. The institutional investor owned 22,854 shares of the information technology services provider’s stock after acquiring an additional 10,900 shares during the period. SG Americas Securities LLC’s holdings in Unisys were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 300,941 shares during the period. Federated Hermes Inc. lifted its position in 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 purchasing an additional 162,177 shares in the last quarter. Newport Trust Company LLC grew its holdings in 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 purchasing an additional 6,894 shares during the period. Kovack Advisors Inc. increased its position in Unisys by 5.2% in the first quarter. Kovack Advisors Inc. now owns 808,507 shares of the information technology services provider’s stock worth $3,970,000 after buying an additional 40,107 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Unisys by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 386,918 shares of the information technology services provider’s stock worth $1,598,000 after buying an additional 17,705 shares during the period. 86.87% of the stock is owned by hedge funds and other institutional investors.

Unisys Price Performance

Shares of NYSE UIS opened at $5.65 on Friday. The stock has a market cap of $391.14 million, a PE ratio of -0.95, a price-to-earnings-growth ratio of 1.79 and a beta of 0.78. Unisys Co. has a 1 year low of $2.60 and a 1 year high of $8.12. The firm has a fifty day moving average price of $5.76 and a 200-day moving average price of $5.05.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Monday, August 5th. The information technology services provider reported $0.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $478.20 million during the quarter, compared to analyst estimates of $485.93 million. During the same quarter in the prior year, the business posted ($0.09) EPS. Unisys’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts expect that Unisys Co. will post 0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Unisys from a “hold” rating to a “buy” rating in a research note on Friday.

Unisys Company 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.