BlackRock Lowers UNISYS Stake to 6.0% as of Dec 31, 2023
Ticker: UIS · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 746838
| Field | Detail |
|---|---|
| Company | Unisys Corp (UIS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | medium |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: institutional-ownership, stake-change, amendment
TL;DR
**BlackRock cut its UNISYS stake to 6.0%, watch for potential investor sentiment shifts.**
AI Summary
BlackRock Inc. has updated its ownership stake in UNISYS CORP, reporting beneficial ownership of 4,007,816 shares of Common Stock as of December 31, 2023. This represents a 6.0% stake in the company, a decrease from their previously reported holdings. This matters to investors because BlackRock is a major institutional investor, and changes in their position can signal their confidence (or lack thereof) in Unisys's future performance, potentially influencing other investors.
Why It Matters
A decrease in BlackRock's stake could suggest a shift in their investment strategy or a less optimistic outlook on UNISYS CORP's future, which might concern current and prospective shareholders.
Risk Assessment
Risk Level: medium — While not a drastic change, a major institutional investor reducing its stake can introduce uncertainty and potentially impact stock price.
Analyst Insight
Investors should monitor UNISYS CORP's upcoming earnings reports and news for any specific reasons behind BlackRock's reduced stake, and consider if this aligns with their own investment thesis before making any decisions.
Key Numbers
- 4,007,816 — Shares Beneficially Owned (This is the total number of UNISYS CORP shares BlackRock Inc. reported owning as of December 31, 2023.)
- 6.0% — Percentage of Class (This represents BlackRock Inc.'s total ownership percentage of UNISYS CORP's Common Stock.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person decreasing its stake
- UNISYS CORP (company) — the subject company in which shares are held
- 4,007,816 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 6.0% (dollar_amount) — percentage of UNISYS CORP's class of securities beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- Other institutional investors may re-evaluate their positions in UNISYS CORP following BlackRock's reduced stake. (UNISYS CORP) — medium confidence, target: Q1 2024
FAQ
What is the specific percentage of UNISYS CORP's Common Stock that BlackRock Inc. beneficially owns as reported in this filing?
As of December 31, 2023, BlackRock Inc. beneficially owns 6.0% of UNISYS CORP's Common Stock, as stated in the filing.
How many shares of UNISYS CORP Common Stock does BlackRock Inc. beneficially own according to this SC 13G/A filing?
BlackRock Inc. beneficially owns 4,007,816 shares of UNISYS CORP Common Stock, as reported in the filing dated January 24, 2024, for the period ending December 31, 2023.
What was the 'Date of Event Which Requires Filing of this Statement' for BlackRock Inc.'s SC 13G/A filing regarding UNISYS CORP?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
Under which rule was this Schedule 13G filed by BlackRock Inc.?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
What is the CUSIP Number for UNISYS CORP's Common Stock mentioned in this filing?
The CUSIP Number for UNISYS CORP's Common Stock is 909214306, as listed on the cover page of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding UNISYS CORP (UIS).