Princeton Capital Management LLC Buys New Stake in Unisys Co. (NYSE:UIS)

Princeton Capital Management LLC purchased a new position in Unisys Co. (NYSE:UIS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,550 shares of the information technology services provider’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Parkside Financial Bank & Trust grew its stake in shares of Unisys by 17.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,114 shares of the information technology services provider’s stock worth $61,000 after acquiring an additional 460 shares during the last quarter. NEXT Financial Group Inc grew its stake in shares of Unisys by 9.0% during the first quarter. NEXT Financial Group Inc now owns 6,048 shares of the information technology services provider’s stock worth $154,000 after acquiring an additional 497 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Unisys by 2.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 25,565 shares of the information technology services provider’s stock worth $650,000 after purchasing an additional 500 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Unisys by 2.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 36,886 shares of the information technology services provider’s stock worth $726,000 after purchasing an additional 927 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Unisys by 0.9% during the first quarter. Swiss National Bank now owns 144,000 shares of the information technology services provider’s stock worth $3,660,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 89.99% of the company’s stock.

Shares of Unisys stock traded up $0.03 on Friday, reaching $26.85. 6,450 shares of the stock were exchanged, compared to its average volume of 494,789. Unisys Co. has a twelve month low of $9.92 and a twelve month high of $28.60. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -4.05 and a beta of 0.57. The company has a 50 day simple moving average of $25.10.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Thursday, May 6th. The information technology services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. Unisys had a negative return on equity of 40.08% and a negative net margin of 20.90%. The company had revenue of $509.80 million during the quarter, compared to the consensus estimate of $505.70 million. During the same period in the previous year, the company posted $0.02 earnings per share. Unisys’s revenue for the quarter was down 1.1% on a year-over-year basis.

In other news, SVP Gerald P. Kenney sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $23.79, for a total transaction of $237,900.00. Following the completion of the transaction, the senior vice president now directly owns 80,843 shares of the company’s stock, valued at approximately $1,923,254.97. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Gerald P. Kenney sold 12,790 shares of the company’s stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $27.72, for a total value of $354,538.80. Following the transaction, the senior vice president now directly owns 95,113 shares of the company’s stock, valued at $2,636,532.36. The disclosure for this sale can be found here. Insiders sold 34,925 shares of company stock valued at $926,758 over the last three months. 2.50% of the stock is currently owned by corporate insiders.

Unisys Company Profile

Unisys Corporation operates as an information technology services 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. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security consulting services, the Unisys Incident Response Ecosystem subscription service, and the TrustCheck cyber risk management solution.

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Institutional Ownership by Quarter for Unisys (NYSE:UIS)

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