Federated Hermes Inc. Sells 29,592 Shares of Unisys Co. (NYSE:UIS)

by · The Cerbat Gem

Federated Hermes Inc. lowered its holdings in Unisys Co. (NYSE:UIS – Free Report) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 1,306,999 shares of the information technology services provider’s stock after selling 29,592 shares during the period. Federated Hermes Inc.’s holdings in Unisys were worth $8,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UIS. Envestnet Asset Management Inc. raised its position in Unisys by 14.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 32,254 shares of the information technology services provider’s stock worth $204,000 after buying an additional 4,143 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Unisys by 95.8% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 61,176 shares of the information technology services provider’s stock worth $387,000 after acquiring an additional 29,928 shares during the period. Cullen Capital Management LLC raised its holdings in shares of Unisys by 46.3% during the fourth quarter. Cullen Capital Management LLC now owns 62,290 shares of the information technology services provider’s stock valued at $394,000 after purchasing an additional 19,712 shares during the last quarter. Wells Fargo & Company MN grew its position in Unisys by 9.4% in the 4th quarter. Wells Fargo & Company MN now owns 58,139 shares of the information technology services provider’s stock worth $368,000 after purchasing an additional 5,019 shares during the period. Finally, Integrated Quantitative Investments LLC purchased a new stake in Unisys during the 4th quarter valued at $237,000. 86.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UIS shares. StockNews.com upgraded Unisys from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Canaccord Genuity Group cut their price target on Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a research note on Thursday, February 20th.

Read Our Latest Research Report on Unisys

Unisys Trading Down 4.2 %

UIS opened at $3.80 on Friday. The firm’s 50 day simple moving average is $4.86 and its two-hundred day simple moving average is $6.14. The company has a market capitalization of $269.70 million, a PE ratio of -1.34, a PEG ratio of 0.56 and a beta of 1.14. Unisys Co. has a 1-year low of $3.32 and a 1-year high of $8.93.

Unisys (NYSE:UIS – Get Free Report) last released its earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $545.40 million for the quarter, compared to the consensus estimate of $550.93 million. Unisys had a negative return on equity of 16.84% and a negative net margin of 9.63%. During the same period in the previous year, the business earned $0.51 earnings per share. Equities analysts forecast that Unisys Co. will post 0.61 earnings per share for the current fiscal year.

Unisys Profile

(Free Report)

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.

Further Reading

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 – Free Report).