Summit Global Investments Invests $407,000 in Unisys Co. (NYSE:UIS)

Summit Global Investments bought a new stake in Unisys Co. (NYSE:UIS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 64,336 shares of the information technology services provider’s stock, valued at approximately $407,000. Summit Global Investments owned about 0.09% of Unisys as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of UIS. Diversified Trust Co raised its stake in Unisys by 12.4% in the fourth quarter. Diversified Trust Co now owns 21,613 shares of the information technology services provider’s stock valued at $137,000 after buying an additional 2,380 shares during the period. SG Americas Securities LLC increased its holdings in shares of Unisys by 17.7% during the 4th quarter. SG Americas Securities LLC now owns 26,899 shares of the information technology services provider’s stock worth $170,000 after acquiring an additional 4,045 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Unisys during the 4th quarter worth approximately $39,000. Verition Fund Management LLC lifted its holdings in Unisys by 73.8% during the 3rd quarter. Verition Fund Management LLC now owns 22,718 shares of the information technology services provider’s stock valued at $129,000 after purchasing an additional 9,645 shares during the last quarter. Finally, Calton & Associates Inc. acquired a new stake in Unisys during the 4th quarter valued at $63,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Unisys Price Performance

UIS opened at $4.48 on Tuesday. The business has a fifty day simple moving average of $5.60 and a 200 day simple moving average of $6.29. Unisys Co. has a 1 year low of $3.32 and a 1 year high of $8.93. The company has a market capitalization of $318.03 million, a PE ratio of -1.58, 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 net margin of 9.63% and a negative return on equity of 16.84%. The company had revenue of $545.40 million during the quarter, compared to analysts’ expectations of $550.93 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. Equities analysts anticipate that Unisys Co. will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group dropped their price objective on shares of Unisys from $7.00 to $6.50 and set a “hold” rating on the stock in a research report on Thursday, February 20th. StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a report on Thursday, February 13th.

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.