Needham Investment Management LLC Sells 277,800 Shares of Unisys Corporation $UIS

Needham Investment Management LLC trimmed its holdings in shares of Unisys Corporation (NYSE:UIS) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,812,200 shares of the information technology services provider’s stock after selling 277,800 shares during the period. Needham Investment Management LLC owned about 6.75% of Unisys worth $13,282,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC bought a new position in shares of Unisys in the 4th quarter valued at about $47,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Unisys in the 4th quarter valued at about $47,000. PharVision Advisers LLC bought a new position in shares of Unisys in the 3rd quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Unisys by 100,000.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of Unisys in the third quarter valued at $30,000. Institutional investors own 86.87% of the company’s stock.

Insider Buying and Selling

In other Unisys news, Director Philippe Germond sold 20,000 shares of Unisys stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $4.15, for a total transaction of $83,000.00. Following the completion of the transaction, the director directly owned 236,453 shares of the company’s stock, valued at $981,279.95. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 43,846 shares of company stock worth $156,102 over the last three months. Insiders own 11.56% of the company’s stock.

Unisys Price Performance

UIS stock opened at $3.77 on Tuesday. The company has a fifty day moving average price of $3.07 and a two-hundred day moving average price of $2.76. Unisys Corporation has a one year low of $1.97 and a one year high of $4.98. The stock has a market cap of $274.91 million, a price-to-earnings ratio of -0.78, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83.

Unisys (NYSE:UIS) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.12. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. The firm had revenue of $437.60 million during the quarter, compared to analysts’ expectations of $415.64 million. Research analysts anticipate that Unisys Corporation will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UIS has been the subject of several analyst reports. Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research note on Monday, April 20th. Zacks Research raised shares of Unisys from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Finally, Needham & Company LLC raised their target price on shares of Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Unisys currently has an average rating of “Moderate Buy” and an average target price of $6.33.

Unisys Company Profile

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.