272 Capital LP Invests $1.83 Million in Unisys Co. (NYSE:UIS)

272 Capital LP purchased a new position in shares of Unisys Co. (NYSE:UIS - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 322,618 shares of the information technology services provider's stock, valued at approximately $1,832,000. Unisys comprises approximately 2.0% of 272 Capital LP's portfolio, making the stock its 13th largest holding. 272 Capital LP owned about 0.47% of Unisys at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of UIS. Vanguard Group Inc. grew its stake in Unisys by 4.8% in the 1st 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. Federated Hermes Inc. grew its stake in 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 worth $5,510,000 after purchasing an additional 162,177 shares in the last quarter. Newport Trust Company LLC increased its holdings in Unisys by 0.5% during the 2nd quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider's stock worth $5,389,000 after purchasing an additional 6,894 shares during the period. Bank of New York Mellon Corp raised its position in Unisys by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 386,918 shares of the information technology services provider's stock valued at $1,598,000 after purchasing an additional 17,705 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Unisys by 67.2% in the 3rd 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 period. Institutional investors own 86.87% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Unisys from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th.

Unisys Price Performance

Shares of NYSE:UIS traded down $0.14 during trading hours on Friday, hitting $7.98. The company's stock had a trading volume of 271,587 shares, compared to its average volume of 685,684. The firm's fifty day moving average price is $6.80 and its 200 day moving average price is $5.44. Unisys Co. has a 52 week low of $3.32 and a 52 week high of $8.49. The company has a market capitalization of $553.49 million, a price-to-earnings ratio of -1.41, a P/E/G ratio of 1.72 and a beta of 0.73.

Unisys (NYSE:UIS - Get Free Report) last posted its 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). The company had revenue of $497.00 million for the quarter, compared to analysts' expectations of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.33) EPS. On average, equities research analysts predict that Unisys Co. will post 0.31 earnings per share for the current fiscal 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.