361 Capital LLC purchased a new stake in Unisys Co. (NYSE:UIS) during the first quarter, HoldingsChannel reports. The firm purchased 216,305 shares of the information technology services provider’s stock, valued at approximately $2,524,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in Unisys during the 4th quarter worth $25,000. NumerixS Investment Technologies Inc bought a new position in Unisys during the 4th quarter worth $49,000. Pearl River Capital LLC bought a new position in Unisys during the 4th quarter worth $73,000. Blueshift Asset Management LLC bought a new position in Unisys during the 4th quarter worth $123,000. Finally, Everence Capital Management Inc. bought a new position in Unisys during the 1st quarter worth $123,000.

Several research firms have weighed in on UIS. ValuEngine cut Unisys from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. SunTrust Banks lowered their price objective on Unisys to $17.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Finally, Zacks Investment Research cut Unisys from a “buy” rating to a “hold” rating in a research report on Monday, February 11th.

UIS stock opened at $9.77 on Tuesday. The firm has a market cap of $512.49 million, a price-to-earnings ratio of 5.01 and a beta of 1.41. Unisys Co. has a fifty-two week low of $9.68 and a fifty-two week high of $20.95.

Unisys (NYSE:UIS) last released its earnings results on Thursday, May 2nd. The information technology services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.13). The company had revenue of $695.80 million for the quarter, compared to analyst estimates of $646.30 million. Unisys had a negative return on equity of 10.47% and a net margin of 0.55%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. On average, sell-side analysts forecast that Unisys Co. will post 1.95 earnings per share for the current fiscal year.

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About Unisys

Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.

Further Reading: Can systematic risk be avoided?

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Institutional Ownership by Quarter for Unisys (NYSE:UIS)

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