Municipal Employees Retirement System of Michigan bought a new stake in Unisys Co. (NYSE:UIS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,540 shares of the information technology services provider’s stock, valued at approximately $169,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in Unisys in the fourth quarter valued at about $25,000. NumerixS Investment Technologies Inc bought a new stake in Unisys in the fourth quarter valued at about $49,000. Pearl River Capital LLC bought a new stake in Unisys during the fourth quarter worth about $73,000. Riverhead Capital Management LLC bought a new stake in Unisys during the third quarter worth about $110,000. Finally, Blueshift Asset Management LLC bought a new stake in Unisys during the fourth quarter worth about $123,000.
Shares of Unisys stock opened at $10.89 on Thursday. The stock has a market cap of $577.66 million, a price-to-earnings ratio of 5.58 and a beta of 1.45. Unisys Co. has a 1-year low of $10.46 and a 1-year high of $20.95.
Unisys (NYSE:UIS) last issued its quarterly earnings data on Tuesday, February 12th. The information technology services provider reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.31. The firm had revenue of $760.90 million for the quarter, compared to analysts’ expectations of $752.00 million. Unisys had a net margin of 2.67% and a negative return on equity of 10.65%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 earnings per share. On average, sell-side analysts predict that Unisys Co. will post 1.97 EPS for the current fiscal year.
Several analysts have weighed in on the stock. ValuEngine raised shares of Unisys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised shares of Unisys from a “sell” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Friday, January 11th. Finally, SunTrust Banks decreased their price objective on shares of Unisys to $17.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th.
TRADEMARK VIOLATION WARNING: This report was posted by Highlight Press and is the property of of Highlight Press. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://highlightpress.com/2019/04/18/municipal-employees-retirement-system-of-michigan-invests-169000-in-unisys-co-uis-stock.html.
Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.
Recommended Story: What is a Buy-Side Analyst?
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).
Receive News & Ratings for Unisys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unisys and related companies with MarketBeat.com's FREE daily email newsletter.