Pinnacle Holdings LLC purchased a new stake in Unisys Corporation (NYSE:UIS – Free Report) during the second quarter, HoldingsChannel.com reports. The firm purchased 243,847 shares of the information technology services provider’s stock, valued at approximately $892,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cerity Partners LLC lifted its holdings in Unisys by 12.4% in the second quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock valued at $112,000 after acquiring an additional 2,728 shares during the period. Alliancebernstein L.P. boosted its position in shares of Unisys by 7.2% during the 3rd quarter. Alliancebernstein L.P. now owns 102,554 shares of the information technology services provider’s stock worth $400,000 after purchasing an additional 6,900 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Unisys during the 3rd quarter worth $30,000. Diversified Trust Co grew its stake in shares of Unisys by 38.8% during the 1st quarter. Diversified Trust Co now owns 29,583 shares of the information technology services provider’s stock worth $61,000 after purchasing an additional 8,270 shares during the period. Finally, Quarry LP increased its holdings in shares of Unisys by 445.7% in the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 8,335 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.
Unisys Stock Performance
UIS opened at $2.73 on Monday. The business’s fifty day moving average is $3.37 and its two-hundred day moving average is $2.93. The company has a market cap of $199.07 million, a price-to-earnings ratio of -0.46, a PEG ratio of 0.32 and a beta of 1.90. Unisys Corporation has a one year low of $1.97 and a one year high of $4.98.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Needham & Company LLC reduced their price objective on shares of Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research report on Friday, July 17th. Zacks Research cut shares of Unisys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Wall Street Zen downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.50.
Read Our Latest Stock Report on Unisys
Insider Activity at Unisys
In related news, Director Philippe Germond sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $4.15, for a total value of $83,000.00. Following the sale, the director directly owned 236,453 shares in the company, valued at $981,279.95. The trade was a 7.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.56% of the stock is owned by corporate insiders.
Unisys Profile
Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.
The company operates two core business segments: Services and Technology.
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