272 Capital LP Takes Position in Unisys Co. (NYSE:UIS)

272 Capital LP acquired a new position in shares of Unisys Co. (NYSE:UIS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 322,618 shares of the information technology services provider's stock, valued at approximately $1,832,000. 272 Capital LP owned about 0.47% of Unisys as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in UIS. Needham Investment Management LLC grew its position in shares of Unisys by 7.9% during the 3rd quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider's stock valued at $29,820,000 after buying an additional 385,000 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Unisys by 738.6% during the second quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider's stock valued at $1,187,000 after purchasing an additional 253,108 shares during the last quarter. State Street Corp raised its position in shares of Unisys by 13.2% during the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider's stock worth $9,162,000 after purchasing an additional 188,630 shares during the period. Federated Hermes Inc. raised its position in shares of Unisys by 13.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider's stock worth $5,510,000 after purchasing an additional 162,177 shares during the period. Finally, Zacks Investment Management bought a new stake in shares of Unisys in the 3rd quarter worth approximately $860,000. 86.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Unisys from a "hold" rating to a "buy" rating in a report on Monday.

Unisys Price Performance

Shares of NYSE:UIS traded up $0.10 during trading hours on Friday, hitting $6.94. The stock had a trading volume of 337,473 shares, compared to its average volume of 602,844. The stock's fifty day simple moving average is $7.17 and its 200 day simple moving average is $5.61. Unisys Co. has a 1-year low of $3.32 and a 1-year high of $8.93.

Unisys (NYSE:UIS - Get Free Report) last posted its earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $486.50 million. During the same quarter in the prior year, the business earned ($0.33) earnings per share. The firm's revenue was up 7.0% compared to the same quarter last year. Analysts anticipate 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.