Summit Global Investments Makes New Investment in Unisys Co. (NYSE:UIS)

Summit Global Investments acquired a new position in shares of Unisys Co. (NYSE:UIS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 64,336 shares of the information technology services provider's stock, valued at approximately $407,000. Summit Global Investments owned approximately 0.09% of Unisys at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Zacks Investment Management purchased a new stake in Unisys in the 3rd quarter valued at about $860,000. JPMorgan Chase & Co. raised its stake in Unisys by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider's stock worth $13,215,000 after purchasing an additional 38,572 shares during the period. Geode Capital Management LLC grew its position in Unisys by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider's stock valued at $8,804,000 after acquiring an additional 10,277 shares during the period. 272 Capital LP acquired a new stake in Unisys during the third quarter worth about $1,832,000. Finally, Barclays PLC raised its holdings in shares of Unisys by 127.6% in the 3rd quarter. Barclays PLC now owns 126,819 shares of the information technology services provider's stock worth $722,000 after purchasing an additional 71,093 shares during the period. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Unisys Trading Down 0.6 %

UIS stock traded down $0.03 during trading on Friday, reaching $4.62. The stock had a trading volume of 390,004 shares, compared to its average volume of 541,193. The firm has a fifty day moving average price of $5.48 and a 200 day moving average price of $6.27. The company has a market capitalization of $328.55 million, a P/E ratio of -1.63, a PEG ratio of 0.56 and a beta of 1.25. Unisys Co. has a 1-year low of $3.32 and a 1-year high of $8.93.

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Unisys (NYSE:UIS - Get Free Report) 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. The company had revenue of $545.40 million for the quarter, compared to analyst estimates of $550.93 million. Unisys had a negative return on equity of 16.84% and a negative net margin of 9.63%. During the same period in the prior year, the company posted $0.51 EPS. Sell-side analysts predict that Unisys Co. will post 0.61 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group reduced their target price 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 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.