D.A. Davidson & CO. Buys Shares of 15,455 Unisys Co. (UIS)

D.A. Davidson & CO. bought a new position in Unisys Co. (NYSE:UIS) during the 3rd quarter, HoldingsChannel reports. The fund bought 15,455 shares of the information technology services provider’s stock, valued at approximately $315,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UIS. BlackRock Inc. grew its holdings in Unisys by 111.8% during the 3rd quarter. BlackRock Inc. now owns 7,366,240 shares of the information technology services provider’s stock worth $150,272,000 after acquiring an additional 3,888,241 shares during the last quarter. Portolan Capital Management LLC grew its holdings in Unisys by 308.2% during the 2nd quarter. Portolan Capital Management LLC now owns 1,795,559 shares of the information technology services provider’s stock worth $23,163,000 after acquiring an additional 1,355,703 shares during the last quarter. Millennium Management LLC grew its holdings in Unisys by 84.5% during the 2nd quarter. Millennium Management LLC now owns 1,533,424 shares of the information technology services provider’s stock worth $19,781,000 after acquiring an additional 702,521 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Unisys by 74.5% during the 2nd quarter. Wells Fargo & Company MN now owns 953,609 shares of the information technology services provider’s stock worth $12,301,000 after acquiring an additional 407,165 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Unisys by 127.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 652,922 shares of the information technology services provider’s stock worth $13,319,000 after acquiring an additional 365,506 shares during the last quarter.

Shares of NYSE:UIS opened at $12.97 on Friday. Unisys Co. has a 12 month low of $7.75 and a 12 month high of $20.95. The stock has a market cap of $659.24 million, a price-to-earnings ratio of 5.36 and a beta of 1.42.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Thursday, November 8th. The information technology services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Unisys had a negative return on equity of 15.39% and a net margin of 3.62%. The company had revenue of $688.30 million for the quarter, compared to the consensus estimate of $669.60 million. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Unisys Co. will post 1.64 earnings per share for the current year.

UIS has been the topic of a number of research analyst reports. ValuEngine raised shares of Unisys from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Zacks Investment Research lowered shares of Unisys from a “buy” rating to a “hold” rating in a report on Saturday, November 17th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.33.

ILLEGAL ACTIVITY WARNING: “D.A. Davidson & CO. Buys Shares of 15,455 Unisys Co. (UIS)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/12/07/d-a-davidson-co-buys-shares-of-15455-unisys-co-uis.html.

About Unisys

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.

See Also: How dollar cost averaging works

Want to see what other hedge funds are holding UIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unisys Co. (NYSE:UIS).

Institutional Ownership by Quarter for Unisys (NYSE:UIS)

Receive News & Ratings for Unisys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unisys and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply