Point72 DIFC Ltd Takes $30,000 Position in Unisys Co. (NYSE:UIS)

Point72 DIFC Ltd bought a new stake in Unisys Co. (NYSE:UIS) in the 2nd quarter, Holdings Channel reports. The fund bought 7,353 shares of the information technology services provider’s stock, valued at approximately $30,000.

A number of other large investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in Unisys in the 2nd quarter worth $41,000. Oak Thistle LLC purchased a new position in Unisys in the second quarter valued at about $52,000. ProShare Advisors LLC grew its stake in Unisys by 49.1% during the 2nd quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 5,866 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Unisys during the 1st quarter worth approximately $97,000. Finally, XTX Topco Ltd acquired a new position in shares of Unisys in the 2nd quarter valued at approximately $89,000. 86.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th.

Unisys Stock Performance

Shares of Unisys stock opened at $5.48 on Friday. Unisys Co. has a 1 year low of $2.60 and a 1 year high of $8.12. The firm’s 50-day simple moving average is $5.14 and its 200-day simple moving average is $4.93. The firm has a market cap of $379.37 million, a PE ratio of -0.93, a price-to-earnings-growth ratio of 1.57 and a beta of 0.78.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Monday, August 5th. The information technology services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.17. The firm had revenue of $478.20 million for the quarter, compared to analysts’ expectations of $485.93 million. Unisys had a negative return on equity of 24.50% and a negative net margin of 18.95%. Unisys’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. On average, equities analysts predict that Unisys Co. will post 0.24 earnings per share for the current year.

Unisys Company 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.