Pallas Capital Advisors LLC Acquires New Position in Unisys Co. (NYSE:UIS)

Pallas Capital Advisors LLC bought a new position in Unisys Co. (NYSE:UIS) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,621 shares of the information technology services provider’s stock, valued at approximately $49,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Virtus Fund Advisers LLC bought a new position in Unisys in the 4th quarter valued at approximately $35,000. AlphaQuest LLC bought a new position in shares of Unisys during the fourth quarter valued at $39,000. Quarry LP lifted its holdings in shares of Unisys by 985.8% during the fourth quarter. Quarry LP now owns 8,556 shares of the information technology services provider’s stock valued at $54,000 after purchasing an additional 7,768 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in Unisys in the 4th quarter worth about $68,000. Finally, Inceptionr LLC purchased a new position in Unisys in the 4th quarter worth about $72,000. Institutional investors own 86.87% of the company’s stock.

Analysts Set New Price Targets

UIS has been the subject of several research reports. Wall Street Zen raised shares of Unisys from a “hold” rating to a “buy” rating in a report on Saturday, June 7th. Canaccord Genuity Group lowered their price target on Unisys from $7.00 to $6.50 and set a “hold” rating on the stock in a report on Thursday, February 20th.

Unisys Stock Down 9.0%

Shares of NYSE:UIS opened at $4.43 on Friday. The firm’s 50 day moving average price is $4.52 and its 200-day moving average price is $5.44. The stock has a market capitalization of $314.47 million, a PE ratio of -1.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.35. Unisys Co. has a twelve month low of $3.32 and a twelve month high of $8.93.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Wednesday, April 30th. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.19. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. The firm had revenue of $432.10 million during the quarter, compared to the consensus estimate of $441.20 million. Analysts expect that Unisys Co. will post 0.61 earnings per share for the current fiscal year.

Unisys 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.