IFP Advisors Inc Raises Position in Unisys Co. (NYSE:UIS)

IFP Advisors Inc lifted its stake in shares of Unisys Co. (NYSE:UIS – Get Rating) by 328.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,333 shares of the information technology services provider’s stock after purchasing an additional 2,555 shares during the period. IFP Advisors Inc’s holdings in Unisys were worth $41,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Boston Partners grew its stake in Unisys by 19.1% in the 3rd quarter. Boston Partners now owns 1,923,244 shares of the information technology services provider’s stock valued at $15,009,000 after buying an additional 307,866 shares in the last quarter. Kovack Advisors Inc. grew its stake in Unisys by 196.3% in the 3rd quarter. Kovack Advisors Inc. now owns 249,350 shares of the information technology services provider’s stock valued at $1,883,000 after buying an additional 165,200 shares in the last quarter. Ironwood Investment Management LLC grew its stake in Unisys by 149.3% in the 4th quarter. Ironwood Investment Management LLC now owns 30,678 shares of the information technology services provider’s stock valued at $157,000 after buying an additional 18,371 shares in the last quarter. Palisade Capital Management LLC NJ grew its stake in Unisys by 0.3% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 1,877,249 shares of the information technology services provider’s stock valued at $14,173,000 after buying an additional 5,706 shares in the last quarter. Finally, MGO One Seven LLC purchased a new position in Unisys in the 4th quarter valued at approximately $62,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Unisys Stock Up 1.6 %

UIS opened at $4.38 on Friday. The company has a fifty day moving average price of $3.73 and a 200-day moving average price of $4.68. The firm has a market capitalization of $298.98 million, a P/E ratio of -1.33 and a beta of 0.69. The company has a debt-to-equity ratio of 9.08, a current ratio of 1.50 and a quick ratio of 1.47. Unisys Co. has a one year low of $3.05 and a one year high of $14.62.

Unisys (NYSE:UIS – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The information technology services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.52. Unisys had a negative net margin of 10.93% and a negative return on equity of 346.33%. The company had revenue of $557.00 million during the quarter, compared to the consensus estimate of $533.73 million. During the same period in the previous year, the firm posted $0.51 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UIS. StockNews.com initiated coverage on shares of Unisys in a research note on Thursday. They issued a “hold” rating for the company. Maxim Group lowered shares of Unisys from a “buy” rating to a “hold” rating in a research report on Friday, February 24th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, Unisys presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Insider Transactions at Unisys

In related news, Director Matthew J. Desch acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was bought at an average cost of $3.87 per share, with a total value of $193,500.00. Following the acquisition, the director now owns 50,000 shares of the company’s stock, valued at approximately $193,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by insiders.

Unisys Company Profile

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Unisys Corp. is an information technology solutions company that delivers successful outcomes for the most demanding businesses and governments. The firm offers digital workplace solutions, cloud and infrastructure solutions, enterprise computing solutions and business process solutions. It operates through the following business segments: Digital Workplace Solutions (DWS), Cloud & Infrastructure Solutions (C&I), and Enterprise Computing Solutions (ECS).