Cullen Capital Management LLC Has $394,000 Position in Unisys Co. (NYSE:UIS)

Cullen Capital Management LLC grew its stake in Unisys Co. (NYSE:UIS) by 46.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 62,290 shares of the information technology services provider’s stock after acquiring an additional 19,712 shares during the period. Cullen Capital Management LLC’s holdings in Unisys were worth $394,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Unisys by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 7,096,464 shares of the information technology services provider’s stock worth $44,921,000 after purchasing an additional 157,919 shares during the period. JPMorgan Chase & Co. increased its position 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 valued at $13,215,000 after buying an additional 38,572 shares in the last quarter. State Street Corp raised its stake in Unisys by 13.2% during the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock worth $9,162,000 after buying an additional 188,630 shares during the period. Geode Capital Management LLC lifted its holdings in Unisys by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,556,325 shares of the information technology services provider’s stock worth $9,854,000 after acquiring an additional 6,672 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Unisys by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 535,564 shares of the information technology services provider’s stock valued at $3,390,000 after acquiring an additional 16,321 shares during the period. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Unisys Trading Down 5.0 %

UIS stock opened at $3.93 on Friday. The stock has a 50-day moving average price of $5.20 and a two-hundred day moving average price of $6.23. Unisys Co. has a 1 year low of $3.32 and a 1 year high of $8.93. The stock has a market cap 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 (NYSE:UIS) last announced its earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Unisys had a negative return on equity of 16.84% and a negative net margin of 9.63%. The business had revenue of $545.40 million for the quarter, compared to analyst estimates of $550.93 million. During the same quarter last year, the firm earned $0.51 EPS. On average, analysts forecast that Unisys Co. will post 0.61 earnings per share for the current fiscal 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.