Kovack Advisors Inc. Has $3.71 Million Stock Holdings in Unisys Corporation $UIS

Kovack Advisors Inc. grew its position in shares of Unisys Corporation (NYSE:UIS) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 819,075 shares of the information technology services provider’s stock after purchasing an additional 21,675 shares during the quarter. Kovack Advisors Inc. owned about 1.15% of Unisys worth $3,710,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in Unisys during the 1st quarter worth approximately $67,000. Vanguard Group Inc. raised its holdings in Unisys by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 7,287,403 shares of the information technology services provider’s stock worth $33,449,000 after purchasing an additional 190,939 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Unisys by 62.7% during the 1st quarter. Mackenzie Financial Corp now owns 171,885 shares of the information technology services provider’s stock worth $789,000 after purchasing an additional 66,257 shares during the last quarter. Newport Trust Company LLC raised its holdings in Unisys by 7.0% during the 1st quarter. Newport Trust Company LLC now owns 1,253,724 shares of the information technology services provider’s stock worth $5,755,000 after purchasing an additional 81,913 shares during the last quarter. Finally, Whetstone Capital Advisors LLC bought a new position in Unisys during the 1st quarter worth approximately $2,836,000. Institutional investors own 86.87% of the company’s stock.

Unisys Trading Down 1.4%

UIS opened at $3.48 on Friday. The company’s fifty day moving average price is $3.86 and its two-hundred day moving average price is $4.21. Unisys Corporation has a 1-year low of $3.42 and a 1-year high of $8.93. The company has a market cap of $248.09 million, a price-to-earnings ratio of -2.95, a PEG ratio of 0.52 and a beta of 1.33.

Unisys (NYSE:UIS) last released its quarterly earnings data on Thursday, June 15th. The information technology services provider reported ($0.02) earnings per share for the quarter. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%.The business had revenue of $446.70 million for the quarter. As a group, equities analysts forecast that Unisys Corporation will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on UIS. Maxim Group upgraded shares of Unisys from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Monday, August 4th. Wall Street Zen lowered shares of Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research note on Wednesday, October 8th. Jefferies Financial Group started coverage on shares of Unisys in a research note on Monday, September 22nd. They issued a “hold” rating and a $4.00 price objective for the company. Finally, Needham & Company LLC started coverage on shares of Unisys in a research note on Wednesday, September 3rd. They issued a “buy” rating and a $6.00 price objective for the company. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Unisys currently has an average rating of “Hold” and an average price target of $6.38.

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.