Assenagon Asset Management S.A. Sells 90,225 Shares of Unisys Co. (NYSE:UIS)

Assenagon Asset Management S.A. decreased its stake in shares of Unisys Co. (NYSE:UIS - Free Report) by 18.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 395,229 shares of the information technology services provider's stock after selling 90,225 shares during the quarter. Assenagon Asset Management S.A. owned about 0.57% of Unisys worth $2,245,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UIS. nVerses Capital LLC purchased a new position in shares of Unisys in the 3rd quarter worth about $36,000. Point72 DIFC Ltd purchased a new position in Unisys in the second quarter worth about $30,000. Cubist Systematic Strategies LLC bought a new position in shares of Unisys in the second quarter worth approximately $41,000. Creative Planning purchased a new stake in shares of Unisys during the third quarter valued at approximately $58,000. Finally, Oak Thistle LLC purchased a new stake in shares of Unisys during the second quarter valued at approximately $52,000. 86.87% of the stock is owned by institutional investors.

Unisys Price Performance

Shares of Unisys stock traded up $0.28 during trading on Friday, hitting $7.19. 808,829 shares of the company's stock traded hands, compared to its average volume of 587,852. Unisys Co. has a 1 year low of $2.68 and a 1 year high of $8.12. The business has a 50-day simple moving average of $5.79 and a 200-day simple moving average of $5.06. The stock has a market capitalization of $498.55 million, a P/E ratio of -1.27, a PEG ratio of 2.00 and a beta of 0.78.

Unisys (NYSE:UIS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.21). Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The company 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 earned ($0.33) earnings per share. The business's revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that Unisys Co. will post 0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Unisys from a "hold" rating to a "buy" rating in a research report on Friday, October 25th.

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.