BNP Paribas Financial Markets Trims Position in Unisys Co. (NYSE:UIS)

BNP Paribas Financial Markets trimmed its position in Unisys Co. (NYSE:UIS) by 21.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 43,249 shares of the information technology services provider’s stock after selling 12,127 shares during the period. BNP Paribas Financial Markets’ holdings in Unisys were worth $246,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Federated Hermes Inc. increased its holdings in Unisys by 13.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after acquiring an additional 162,177 shares during the period. Newport Trust Company LLC grew its position in shares of Unisys by 0.5% during 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 in the last quarter. Bank of New York Mellon Corp increased its holdings 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 purchasing an additional 17,705 shares during the period. GSA Capital Partners LLP raised its position in shares of Unisys by 67.2% in the third quarter. GSA Capital Partners LLP now owns 365,589 shares of the information technology services provider’s stock worth $2,077,000 after buying an additional 146,899 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in 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 valued at $1,187,000 after buying an additional 253,108 shares during the period. 86.87% of the stock is currently owned by institutional investors.

Unisys Trading Up 0.9 %

UIS stock opened at $7.00 on Tuesday. Unisys Co. has a 1-year low of $3.32 and a 1-year high of $8.93. The stock has a market cap of $485.19 million, a price-to-earnings ratio of -1.24, a price-to-earnings-growth ratio of 1.52 and a beta of 0.75. The company’s 50 day moving average is $7.22 and its 200 day moving average is $5.66.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised Unisys from a “hold” rating to a “buy” rating in a report on Monday, December 9th.

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.