Glenmede Trust Co. NA Invests $68,000 in Unisys Co. (NYSE:UIS)

Glenmede Trust Co. NA acquired a new position in shares of Unisys Co. (NYSE:UIS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,035 shares of the information technology services provider’s stock, valued at approximately $68,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Unisys by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,123 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 2,119 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Unisys by 49.1% during the 2nd quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 5,866 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Unisys during the 3rd quarter worth approximately $36,000. Newport Trust Company LLC raised its stake in 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 acquiring an additional 6,894 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in Unisys in the 2nd quarter valued at $30,000. Institutional investors own 86.87% of the company’s stock.

Unisys Trading Down 21.1 %

UIS opened at $7.04 on Friday. Unisys Co. has a 1-year low of $3.32 and a 1-year high of $8.93. The stock’s fifty day simple moving average is $7.05 and its 200 day simple moving average is $5.54. The stock has a market cap of $488.29 million, a PE ratio of -1.24, a price-to-earnings-growth ratio of 1.77 and a beta of 0.75.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. During the same quarter last year, the company posted ($0.33) EPS. The firm’s revenue was up 7.0% on a year-over-year basis. Equities analysts forecast that Unisys Co. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut Unisys from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

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.