Charles Schwab Investment Management Inc. Sells 345,654 Shares of Unisys Co. (NYSE:UIS)

Charles Schwab Investment Management Inc. cut its holdings in Unisys Co. (NYSE:UIS - Free Report) by 24.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,065,722 shares of the information technology services provider's stock after selling 345,654 shares during the period. Charles Schwab Investment Management Inc. owned 1.54% of Unisys worth $6,746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UIS. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Unisys by 143.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,052 shares of the information technology services provider's stock valued at $494,000 after buying an additional 51,339 shares in the last quarter. Intech Investment Management LLC purchased a new position in Unisys during the third quarter valued at approximately $80,000. Glenmede Trust Co. NA bought a new position in shares of Unisys in the third quarter worth approximately $68,000. Martingale Asset Management L P increased its stake in shares of Unisys by 16.7% in the third quarter. Martingale Asset Management L P now owns 135,718 shares of the information technology services provider's stock worth $771,000 after purchasing an additional 19,457 shares in the last quarter. Finally, Verition Fund Management LLC raised its position in shares of Unisys by 73.8% during the 3rd quarter. Verition Fund Management LLC now owns 22,718 shares of the information technology services provider's stock valued at $129,000 after purchasing an additional 9,645 shares during the period. Hedge funds and other institutional investors own 86.87% of the company's stock.

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Analysts Set New Price Targets

UIS has been the subject of a number of analyst reports. StockNews.com upgraded Unisys from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Canaccord Genuity Group cut their target price 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 Stock Performance

Shares of Unisys stock traded down $0.03 on Friday, hitting $4.62. 390,004 shares of the company traded hands, compared to its average volume of 542,314. Unisys Co. has a 52 week low of $3.32 and a 52 week high of $8.93. The business has a 50-day simple moving average of $5.48 and a 200 day simple moving average of $6.27. The stock has a market capitalization of $328.55 million, a P/E ratio of -1.63, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25.

Unisys (NYSE:UIS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share (EPS) 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 company had revenue of $545.40 million for the quarter, compared to the consensus estimate of $550.93 million. During the same period in the previous year, the firm posted $0.51 EPS. Research analysts expect that Unisys Co. will post 0.61 earnings per share for the current year.

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.