Zacks Investment Management Invests $860,000 in Unisys Co. (NYSE:UIS)

Zacks Investment Management acquired a new stake in Unisys Co. (NYSE:UIS - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 151,450 shares of the information technology services provider's stock, valued at approximately $860,000. Zacks Investment Management owned 0.22% of Unisys at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in Unisys during the 2nd quarter worth $30,000. nVerses Capital LLC acquired a new stake in shares of Unisys during the third quarter worth about $36,000. Cubist Systematic Strategies LLC purchased a new position in shares of Unisys during the second quarter worth about $41,000. Oak Thistle LLC acquired a new position in Unisys in the 2nd quarter valued at about $52,000. Finally, Creative Planning acquired a new stake in Unisys during the 3rd quarter worth approximately $58,000. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Unisys Stock Performance

Unisys stock traded down $0.29 during trading hours on Tuesday, reaching $7.00. 576,351 shares of the stock were exchanged, compared to its average volume of 604,530. Unisys Co. has a 52-week low of $3.32 and a 52-week high of $8.93. The stock has a market cap of $485.52 million, a P/E ratio of -1.33, a P/E/G ratio of 1.51 and a beta of 0.75. The firm's 50 day moving average is $7.08 and its 200 day moving average is $5.58.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $486.50 million. During the same period in the prior year, the company earned ($0.33) earnings per share. The company's revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts expect that Unisys Co. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.