Unisys Co. (NYSE:UIS) announced its earnings results on Monday. The information technology services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. Unisys had a negative net margin of 1.69% and a negative return on equity of 10.20%. The business had revenue of $664.50 million for the quarter, compared to analysts’ expectations of $629.38 million. During the same period in the previous year, the company posted $0.11 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis.
Shares of Unisys (NYSE:UIS) opened at 11.80 on Wednesday. The stock’s market capitalization is $594.80 million. Unisys has a 12 month low of $6.72 and a 12 month high of $16.70. The firm’s 50 day moving average is $11.95 and its 200 day moving average is $13.54.
A number of institutional investors have recently modified their holdings of UIS. Legal & General Group Plc increased its position in shares of Unisys by 7.1% in the first quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock valued at $175,000 after buying an additional 821 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Unisys by 6.3% in the first quarter. Geode Capital Management LLC now owns 363,586 shares of the information technology services provider’s stock valued at $5,072,000 after buying an additional 21,585 shares during the last quarter. Finally, State Street Corp increased its position in shares of Unisys by 4.2% in the first quarter. State Street Corp now owns 1,006,109 shares of the information technology services provider’s stock valued at $14,031,000 after buying an additional 40,395 shares during the last quarter.
Separately, Zacks Investment Research lowered shares of Unisys from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 1st.
Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.
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