Connor Clark & Lunn Investment Management Ltd. Purchases 16,876 Shares of Unisys Co. (NYSE:UIS)

Connor Clark & Lunn Investment Management Ltd. grew its stake in Unisys Co. (NYSE:UIS) by 19.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,928 shares of the information technology services provider’s stock after purchasing an additional 16,876 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.15% of Unisys worth $658,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UIS. Needham Investment Management LLC lifted its stake in shares of Unisys by 7.9% in the 3rd quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock valued at $29,820,000 after purchasing an additional 385,000 shares during the last quarter. 272 Capital LP bought a new stake in shares of Unisys in the 3rd quarter valued at approximately $1,832,000. State Street Corp lifted its stake in shares of Unisys by 13.2% in the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock valued at $9,162,000 after purchasing an additional 188,630 shares during the last quarter. Zacks Investment Management bought a new stake in shares of Unisys in the 3rd quarter valued at approximately $860,000. Finally, Inspire Investing LLC bought a new stake in shares of Unisys in the 4th quarter valued at approximately $769,000. 86.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group lowered their price objective on Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a research note on Thursday, February 20th. StockNews.com upgraded Unisys from a “hold” rating to a “buy” rating in a report on Thursday, February 13th.

Unisys Stock Performance

Shares of NYSE UIS opened at $4.24 on Friday. The business’s 50 day moving average price is $5.63 and its 200-day moving average price is $6.29. Unisys Co. has a fifty-two week low of $3.32 and a fifty-two week high of $8.93. The company has a market cap of $300.97 million, a price-to-earnings ratio of -1.50, a PEG ratio of 0.56 and a beta of 1.25.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $545.40 million for the quarter, compared to the consensus estimate of $550.93 million. Unisys had a negative return on equity of 16.84% and a negative net margin of 9.63%. During the same period in the prior year, the business posted $0.51 earnings per share. Sell-side analysts predict that Unisys Co. will post 0.61 earnings per share 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.