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

Bank of New York Mellon Corp decreased its position in shares of Unisys Co. (NYSE:UIS - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent disclosure 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 owned 0.32% of Unisys worth $1,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Paloma Partners Management Co acquired a new stake in shares of Unisys in the 3rd quarter valued at $60,000. Virtu Financial LLC acquired a new stake in Unisys in the 3rd quarter worth approximately $62,000. Calton & Associates Inc. acquired a new position in Unisys during the fourth quarter valued at approximately $63,000. Glenmede Trust Co. NA bought a new position in shares of Unisys in the third quarter valued at approximately $68,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Unisys during the 3rd quarter worth $77,000. Hedge funds and other institutional investors own 86.87% of the company's stock.

Unisys Price Performance

Shares of NYSE UIS traded up $0.04 during trading hours on Thursday, reaching $4.64. The stock had a trading volume of 444,323 shares, compared to its average volume of 522,293. Unisys Co. has a twelve month low of $3.32 and a twelve month high of $8.93. The business's fifty day moving average is $5.52 and its two-hundred day moving average is $6.28. The company has a market cap of $329.97 million, a price-to-earnings ratio of -1.64, a PEG ratio of 0.56 and a beta of 1.25.

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Unisys (NYSE:UIS - Get Free Report) last posted its earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. The business had revenue of $545.40 million for the quarter, compared to analysts' expectations of $550.93 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Sell-side analysts forecast that Unisys Co. will post 0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UIS. StockNews.com raised Unisys from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Canaccord Genuity Group reduced their price objective on Unisys from $7.00 to $6.50 and set a "hold" rating for the company in a research report on Thursday, February 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.