Renaissance Technologies LLC Buys 30,400 Shares of Unisys Co. (NYSE:UIS)

Renaissance Technologies LLC increased its stake in Unisys Co. (NYSE:UIS) by 3.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 805,800 shares of the information technology services provider’s stock after acquiring an additional 30,400 shares during the period. Renaissance Technologies LLC’s holdings in Unisys were worth $5,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its stake in shares of Unisys by 13.2% in the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock valued at $9,162,000 after purchasing an additional 188,630 shares during the period. Jane Street Group LLC lifted its position in Unisys by 35.1% during the third quarter. Jane Street Group LLC now owns 137,966 shares of the information technology services provider’s stock valued at $784,000 after buying an additional 35,853 shares during the period. Barclays PLC grew its position in shares of Unisys by 127.6% in the 3rd quarter. Barclays PLC now owns 126,819 shares of the information technology services provider’s stock worth $722,000 after buying an additional 71,093 shares during the period. Geode Capital Management LLC increased its stake in shares of Unisys by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock worth $8,804,000 after acquiring an additional 10,277 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Unisys in the 3rd quarter worth about $62,000. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Unisys Price Performance

UIS opened at $3.94 on Monday. Unisys Co. has a 1 year low of $3.32 and a 1 year high of $8.93. The stock has a 50-day moving average price of $4.49 and a 200-day moving average price of $6.08. The firm has a market cap of $279.79 million, a PE ratio of -1.39, a P/E/G ratio of 0.56 and a beta of 1.14.

Unisys (NYSE:UIS) last issued its earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $545.40 million for the quarter, compared to the consensus estimate of $550.93 million. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. During the same quarter in the prior year, the firm posted $0.51 earnings per share. As a group, sell-side analysts anticipate that Unisys Co. will post 0.61 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.