Susquehanna Portfolio Strategies LLC Sells 190,120 Shares of Unisys Co. (NYSE:UIS)

Susquehanna Portfolio Strategies LLC decreased its position in Unisys Co. (NYSE:UIS - Free Report) by 90.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,103 shares of the information technology services provider's stock after selling 190,120 shares during the period. Susquehanna Portfolio Strategies LLC's holdings in Unisys were worth $79,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of UIS. Vanguard Group Inc. boosted its holdings in shares of Unisys by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider's stock worth $32,076,000 after buying an additional 300,941 shares during the last quarter. Federated Hermes Inc. grew its position in shares of 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 valued at $5,510,000 after acquiring an additional 162,177 shares during the period. Newport Trust Company LLC grew its holdings in Unisys by 0.5% during the second 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 during the period. Kovack Advisors Inc. grew its holdings in Unisys by 5.2% during the first quarter. Kovack Advisors Inc. now owns 808,507 shares of the information technology services provider's stock valued at $3,970,000 after purchasing an additional 40,107 shares during the period. Finally, Bank of New York Mellon Corp increased its position in 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 buying an additional 17,705 shares during the last quarter. Institutional investors own 86.87% of the company's stock.

Unisys Price Performance

Shares of UIS traded down $0.15 during trading hours on Monday, hitting $5.66. The company's stock had a trading volume of 274,121 shares, compared to its average volume of 571,321. The business has a 50 day simple moving average of $5.09 and a two-hundred day simple moving average of $4.91. The company has a market cap of $391.84 million, a price-to-earnings ratio of -0.95, a PEG ratio of 1.57 and a beta of 0.78. Unisys Co. has a 52-week low of $2.60 and a 52-week high of $8.12.

Unisys (NYSE:UIS - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The information technology services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.17. Unisys had a negative return on equity of 24.50% and a negative net margin of 18.95%. The company had revenue of $478.20 million during the quarter, compared to analysts' expectations of $485.93 million. During the same period in the previous year, the business earned ($0.09) earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. Research analysts predict that Unisys Co. will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Unisys from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th.

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.