Bank of Montreal Can Acquires 253,108 Shares of Unisys Co. (NYSE:UIS)

Bank of Montreal Can increased its holdings in Unisys Co. (NYSE:UIS - Free Report) by 738.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 287,376 shares of the information technology services provider's stock after buying an additional 253,108 shares during the quarter. Bank of Montreal Can owned 0.42% of Unisys worth $1,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Oak Thistle LLC purchased a new stake in shares of Unisys in the 2nd quarter worth approximately $52,000. ProShare Advisors LLC increased its position in shares of Unisys by 49.1% in the second quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider's stock valued at $74,000 after buying an additional 5,866 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Unisys during the second quarter worth approximately $89,000. Hennessy Advisors Inc. acquired a new position in Unisys during the first quarter worth $97,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Unisys during the 2nd quarter worth approximately $117,000. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Unisys Trading Up 2.7 %

UIS traded up $0.15 during trading on Friday, hitting $5.63. 159,548 shares of the company's stock were exchanged, compared to its average volume of 565,105. The stock has a 50 day moving average price of $5.17 and a 200 day moving average price of $4.94. The firm has a market cap of $389.76 million, a P/E ratio of -0.95, a price-to-earnings-growth ratio of 1.57 and a beta of 0.78. Unisys Co. has a 1 year low of $2.60 and a 1 year high of $8.12.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The information technology services provider reported $0.16 earnings per share (EPS) 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 business had revenue of $478.20 million for the quarter, compared to analyst estimates of $485.93 million. During the same period in the prior year, the company posted ($0.09) EPS. The business's revenue was up .3% compared to the same quarter last year. Analysts forecast that Unisys Co. will post 0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Unisys from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th.

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.