Unisys Co. (UIS) Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP grew its stake in shares of Unisys Co. (NYSE:UIS) by 85.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,493 shares of the information technology services provider’s stock after purchasing an additional 45,897 shares during the period. Engineers Gate Manager LP’s holdings in Unisys were worth $2,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spark Investment Management LLC boosted its position in shares of Unisys by 44.6% during the 2nd quarter. Spark Investment Management LLC now owns 261,300 shares of the information technology services provider’s stock worth $3,370,000 after purchasing an additional 80,600 shares in the last quarter. FMR LLC boosted its position in shares of Unisys by 0.6% during the 2nd quarter. FMR LLC now owns 7,644,679 shares of the information technology services provider’s stock worth $98,616,000 after purchasing an additional 48,798 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Unisys by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 741,017 shares of the information technology services provider’s stock worth $9,560,000 after purchasing an additional 50,916 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Unisys by 22.0% during the 2nd quarter. American Century Companies Inc. now owns 231,013 shares of the information technology services provider’s stock worth $2,980,000 after purchasing an additional 41,594 shares in the last quarter. Finally, WealthTrust Axiom LLC boosted its position in shares of Unisys by 8.8% during the 2nd quarter. WealthTrust Axiom LLC now owns 60,580 shares of the information technology services provider’s stock worth $781,000 after purchasing an additional 4,900 shares in the last quarter.

Several equities research analysts have commented on UIS shares. ValuEngine upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. SunTrust Banks restated a “buy” rating and set a $16.00 target price on shares of Unisys in a research report on Wednesday, August 1st. Finally, Zacks Investment Research upgraded shares of Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research report on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $15.33.

NYSE:UIS opened at $18.66 on Wednesday. The firm has a market cap of $927.93 million, a PE ratio of 7.71 and a beta of 1.48. Unisys Co. has a 52-week low of $7.20 and a 52-week high of $20.95.

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Unisys Profile

Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.

Further Reading: What are the Different Types of Leveraged Buyouts?

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Institutional Ownership by Quarter for Unisys (NYSE:UIS)

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