Virtus Investment Advisers Inc. Takes Position in Unisys Co. (NYSE:UIS)

Virtus Investment Advisers Inc. bought a new position in Unisys Co. (NYSE:UIS) during the fourth quarter, Holdings Channel reports. The fund bought 57,500 shares of the information technology services provider’s stock, valued at approximately $364,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaQuest LLC purchased a new position in Unisys in the 4th quarter worth about $39,000. Quarry LP boosted its holdings in shares of Unisys by 985.8% in the fourth quarter. Quarry LP now owns 8,556 shares of the information technology services provider’s stock worth $54,000 after buying an additional 7,768 shares during the period. Calton & Associates Inc. purchased a new position in shares of Unisys in the fourth quarter worth approximately $63,000. Boothbay Fund Management LLC purchased a new position in shares of Unisys in the fourth quarter worth approximately $68,000. Finally, Inceptionr LLC acquired a new stake in shares of Unisys during the fourth quarter valued at approximately $72,000. 86.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UIS has been the topic of several research analyst reports. StockNews.com cut shares of Unisys from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Canaccord Genuity Group decreased their target price on Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a research report on Thursday, February 20th.

Unisys Price Performance

Shares of UIS opened at $5.40 on Monday. The business’s 50-day moving average is $4.32 and its 200-day moving average is $5.85. The company has a market capitalization of $383.41 million, a price-to-earnings ratio of -1.91, a P/E/G ratio of 0.56 and a beta of 1.26. Unisys Co. has a fifty-two week low of $3.32 and a fifty-two week high of $8.93.

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