Verition Fund Management LLC Has $129,000 Holdings in Unisys Co. (NYSE:UIS)

Verition Fund Management LLC lifted its stake in shares of Unisys Co. (NYSE:UIS) by 73.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,718 shares of the information technology services provider’s stock after purchasing an additional 9,645 shares during the period. Verition Fund Management LLC’s holdings in Unisys were worth $129,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UIS. Point72 DIFC Ltd bought a new position in shares of Unisys in the 2nd quarter valued at about $30,000. nVerses Capital LLC bought a new position in Unisys in the third quarter valued at approximately $36,000. Cubist Systematic Strategies LLC bought a new position in Unisys in the second quarter valued at approximately $41,000. Oak Thistle LLC acquired a new stake in Unisys during the 2nd quarter worth $52,000. Finally, Creative Planning bought a new stake in shares of Unisys during the 3rd quarter valued at $58,000. 86.87% of the stock is owned by institutional investors.

Unisys Trading Up 0.9 %

NYSE:UIS opened at $7.00 on Tuesday. Unisys Co. has a 1 year low of $3.32 and a 1 year high of $8.93. The stock has a 50-day moving average price of $7.22 and a two-hundred day moving average price of $5.66. The stock has a market cap of $485.19 million, a price-to-earnings ratio of -1.24, a PEG ratio of 1.52 and a beta of 0.75.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The firm had revenue of $497.00 million for the quarter, compared to the consensus estimate of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.33) earnings per share. Sell-side analysts forecast that Unisys Co. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Unisys from a “hold” rating to a “buy” rating in a report on Monday, December 9th.

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.