Assenagon Asset Management S.A. Sells 38,230 Shares of Unisys Co. (NYSE:UIS)

Assenagon Asset Management S.A. cut its stake in Unisys Co. (NYSE:UIS) by 9.7% during the fourth quarter, HoldingsChannel reports. The firm owned 356,999 shares of the information technology services provider’s stock after selling 38,230 shares during the period. Assenagon Asset Management S.A.’s holdings in Unisys were worth $2,260,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Needham Investment Management LLC boosted its position in Unisys by 7.9% in the 3rd quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock valued at $29,820,000 after buying an additional 385,000 shares during the period. JPMorgan Chase & Co. raised 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 acquiring an additional 38,572 shares in the last quarter. State Street Corp boosted its holdings in shares of Unisys by 13.2% in the third quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock valued at $9,162,000 after purchasing an additional 188,630 shares during the period. Geode Capital Management LLC grew its stake in Unisys by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock worth $8,804,000 after purchasing an additional 10,277 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in 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 purchasing an additional 146,899 shares during the period. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Price Performance

UIS stock opened at $6.73 on Thursday. Unisys Co. has a 1-year low of $3.32 and a 1-year high of $8.93. The business has a 50-day moving average price of $7.08 and a 200 day moving average price of $6.10. The company has a market capitalization of $466.52 million, a P/E ratio of -1.19, a PEG ratio of 0.74 and a beta of 0.79.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing the consensus estimate 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 in the prior year, the firm posted ($0.33) EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts anticipate that Unisys Co. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Unisys from a “buy” rating to a “hold” rating in a report on Monday, January 13th.

About Unisys

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.