Inspire Investing LLC Invests $769,000 in Unisys Co. (NYSE:UIS)

Inspire Investing LLC bought a new stake in shares of Unisys Co. (NYSE:UIS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 121,535 shares of the information technology services provider's stock, valued at approximately $769,000. Inspire Investing LLC owned 0.18% of Unisys at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. 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 worth $29,820,000 after buying an additional 385,000 shares in the last quarter. 272 Capital LP bought a new position in Unisys during the 3rd quarter worth about $1,832,000. Bank of Montreal Can increased its position in 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 valued at $1,187,000 after purchasing an additional 253,108 shares during the period. State Street Corp raised its holdings in shares of Unisys by 13.2% in the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider's stock valued at $9,162,000 after purchasing an additional 188,630 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of Unisys in the 3rd quarter worth approximately $860,000. 86.87% of the stock is currently owned by institutional investors.

Unisys Trading Up 0.7 %

Shares of NYSE:UIS traded up $0.05 on Friday, reaching $6.73. The company had a trading volume of 270,118 shares, compared to its average volume of 316,080. The firm has a market capitalization of $466.65 million, a PE ratio of -1.19, a PEG ratio of 0.73 and a beta of 0.79. Unisys Co. has a 52-week low of $3.32 and a 52-week high of $8.93. The firm's 50 day simple moving average is $7.04 and its 200-day simple moving average is $6.13.

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

Analysts Set New Price Targets

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

About Unisys

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.