Cullen Capital Management LLC Buys 19,712 Shares of Unisys Co. (NYSE:UIS)

Cullen Capital Management LLC boosted its stake in Unisys Co. (NYSE:UIS) by 46.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,290 shares of the information technology services provider’s stock after buying an additional 19,712 shares during the quarter. Cullen Capital Management LLC owned approximately 0.09% of Unisys worth $394,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Zacks Investment Management acquired a new position in Unisys in the third quarter valued at about $860,000. JPMorgan Chase & Co. boosted its holdings in shares of Unisys by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider’s stock worth $13,215,000 after acquiring an additional 38,572 shares in the last quarter. Summit Global Investments bought a new stake in Unisys during the 4th quarter worth approximately $407,000. Geode Capital Management LLC grew its position in Unisys by 0.7% during 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 during the last quarter. Finally, 272 Capital LP acquired a new stake in Unisys during the 3rd quarter valued at $1,832,000. 86.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UIS has been the subject of several research reports. Canaccord Genuity Group lowered their price objective on shares of Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a research report on Thursday, February 20th. StockNews.com upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th.

Unisys Stock Down 5.0 %

Shares of UIS opened at $3.93 on Friday. The stock’s fifty day simple moving average is $5.20 and its 200-day simple moving average is $6.23. The firm has a market capitalization of $278.94 million, a PE ratio of -1.39, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25. Unisys Co. has a 12-month low of $3.32 and a 12-month high of $8.93.

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, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $545.40 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.51 EPS. Analysts anticipate that Unisys Co. will post 0.61 EPS for the current year.

Unisys Company Profile

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.