EntryPoint Capital LLC Purchases Shares of 50,340 Unisys Co. (NYSE:UIS)

EntryPoint Capital LLC acquired a new position in Unisys Co. (NYSE:UIS) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 50,340 shares of the information technology services provider’s stock, valued at approximately $319,000.

Several other hedge funds have also recently made changes to their positions in the business. AlphaQuest LLC bought a new stake in Unisys in the fourth quarter valued at $39,000. Calton & Associates Inc. bought a new stake in shares of Unisys during the 4th quarter valued at about $63,000. Paloma Partners Management Co purchased a new position in shares of Unisys during the third quarter valued at about $60,000. Virtu Financial LLC bought a new position in Unisys in the third quarter worth about $62,000. Finally, Inceptionr LLC purchased a new stake in Unisys in the fourth quarter worth about $72,000. 86.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UIS has been the topic of a number of research analyst reports. StockNews.com upgraded Unisys from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group reduced their price target on Unisys from $7.00 to $6.50 and set a “hold” rating on the stock in a research note on Thursday, February 20th.

Unisys Price Performance

Shares of Unisys stock opened at $4.64 on Friday. Unisys Co. has a 1 year low of $3.32 and a 1 year high of $8.93. The company has a 50-day moving average of $5.48 and a 200 day moving average of $6.27. The firm has a market cap of $329.97 million, a price-to-earnings ratio of -1.64, a PEG ratio of 0.56 and a beta of 1.25.

Unisys (NYSE:UIS) last released its earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. The firm had revenue of $545.40 million during the quarter, compared to analyst estimates of $550.93 million. During the same period last year, the business earned $0.51 earnings per share. On average, equities analysts anticipate that Unisys Co. will post 0.61 EPS for the current 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.