272 Capital LP Buys Shares of 322,618 Unisys Co. (NYSE:UIS)

272 Capital LP purchased a new position in shares of Unisys Co. (NYSE:UIS) in the third quarter, HoldingsChannel reports. The fund purchased 322,618 shares of the information technology services provider’s stock, valued at approximately $1,832,000. Unisys comprises about 2.0% of 272 Capital LP’s portfolio, making the stock its 13th largest holding.

Several other hedge funds also recently made changes to their positions in UIS. Vanguard Group Inc. raised its holdings in Unisys by 4.8% during the first quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock worth $32,076,000 after acquiring an additional 300,941 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Unisys by 738.6% during the 2nd quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider’s stock worth $1,187,000 after purchasing an additional 253,108 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Unisys by 13.8% in the second quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock valued at $5,510,000 after buying an additional 162,177 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Unisys by 67.2% during the third quarter. GSA Capital Partners LLP now owns 365,589 shares of the information technology services provider’s stock worth $2,077,000 after buying an additional 146,899 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Unisys during the second quarter worth $329,000. 86.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Unisys Stock Performance

Unisys stock opened at $7.98 on Friday. The stock has a 50-day simple moving average of $6.80 and a 200 day simple moving average of $5.44. The stock has a market capitalization of $553.52 million, a P/E ratio of -1.41, a PEG ratio of 1.75 and a beta of 0.73. Unisys Co. has a 52 week low of $3.32 and a 52 week high of $8.49.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The business had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. During the same quarter last year, the company posted ($0.33) EPS. The firm’s revenue was up 7.0% on a year-over-year basis. Research analysts forecast that Unisys Co. will post 0.31 earnings per share for the current year.

Unisys 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.