Unisys Co. (NYSE:UIS) Shares Sold by Pinnacle Holdings LLC

Pinnacle Holdings LLC trimmed its position in shares of Unisys Co. (NYSE:UIS) by 4.2% during the fourth quarter, HoldingsChannel reports. The fund owned 138,874 shares of the information technology services provider’s stock after selling 6,071 shares during the quarter. Pinnacle Holdings LLC’s holdings in Unisys were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. 272 Capital LP acquired a new position in Unisys during the 3rd quarter worth approximately $1,832,000. State Street Corp raised its position in Unisys by 13.2% in the third quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock worth $9,162,000 after acquiring an additional 188,630 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Unisys by 179.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 277,583 shares of the information technology services provider’s stock valued at $1,757,000 after acquiring an additional 178,295 shares during the period. Trexquant Investment LP purchased a new stake in shares of Unisys during the 4th quarter worth $1,122,000. Finally, Vanguard Group Inc. grew its stake in shares of Unisys by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 7,096,464 shares of the information technology services provider’s stock worth $44,921,000 after purchasing an additional 157,919 shares during the period. 86.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on UIS shares. Canaccord Genuity Group decreased their price objective on shares of Unisys from $7.00 to $6.50 and set a “hold” rating on the stock in a report on Thursday, February 20th. StockNews.com raised Unisys from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th.

Unisys Stock Down 2.5 %

Shares of UIS stock opened at $3.69 on Wednesday. The stock has a market cap of $261.89 million, a P/E ratio of -1.30, a P/E/G ratio of 0.56 and a beta of 1.14. Unisys Co. has a fifty-two week low of $3.32 and a fifty-two week high of $8.93. The business has a fifty day simple moving average of $5.03 and a 200-day simple moving average of $6.19.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $550.93 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, sell-side analysts anticipate 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.