Point72 DIFC Ltd Takes $30,000 Position in Unisys Co. (NYSE:UIS)

Point72 DIFC Ltd bought a new position in shares of Unisys Co. (NYSE:UIS) during the second quarter, Holdings Channel reports. The fund bought 7,353 shares of the information technology services provider’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also bought and sold shares of UIS. Pinnacle Holdings LLC increased its holdings in shares of Unisys by 10.5% in the fourth quarter. Pinnacle Holdings LLC now owns 120,572 shares of the information technology services provider’s stock worth $678,000 after purchasing an additional 11,412 shares during the period. Los Angeles Capital Management LLC increased its stake in Unisys by 4.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 217,274 shares of the information technology services provider’s stock worth $1,067,000 after acquiring an additional 8,788 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Unisys in the 1st quarter valued at about $97,000. Kovack Advisors Inc. raised its holdings in shares of Unisys by 5.2% in the 1st quarter. Kovack Advisors Inc. now owns 808,507 shares of the information technology services provider’s stock valued at $3,970,000 after acquiring an additional 40,107 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Unisys during the first quarter worth about $133,000. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th.

Unisys Stock Performance

NYSE UIS opened at $5.81 on Monday. The company has a market capitalization of $402.22 million, a P/E ratio of -0.98, a P/E/G ratio of 1.57 and a beta of 0.78. Unisys Co. has a 52-week low of $2.60 and a 52-week high of $8.12. The company has a fifty day moving average of $5.09 and a 200-day moving average of $4.91.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Monday, August 5th. The information technology services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.17. The firm had revenue of $478.20 million during the quarter, compared to analysts’ expectations of $485.93 million. Unisys had a negative return on equity of 24.50% and a negative net margin of 18.95%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) EPS. As a group, analysts forecast that Unisys Co. will post 0.24 EPS for the current fiscal year.

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.