Summit Global Investments Invests $407,000 in Unisys Co. (NYSE:UIS)

Summit Global Investments purchased a new position in Unisys Co. (NYSE:UIS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,336 shares of the information technology services provider’s stock, valued at approximately $407,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC bought a new position in Unisys in the 4th quarter valued at about $39,000. Paloma Partners Management Co bought a new position in Unisys in the third quarter valued at approximately $60,000. Virtu Financial LLC bought a new position in Unisys in the third quarter valued at approximately $62,000. Calton & Associates Inc. acquired a new position in Unisys during the fourth quarter valued at approximately $63,000. Finally, Glenmede Trust Co. NA bought a new stake in Unisys during the third quarter worth $68,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

Unisys Price Performance

Shares of Unisys stock opened at $4.48 on Tuesday. The company’s 50 day moving average price is $5.60 and its two-hundred day moving average price is $6.29. The firm has a market capitalization of $318.03 million, a P/E ratio of -1.58, a P/E/G ratio of 0.56 and a beta of 1.25. Unisys Co. has a fifty-two week low of $3.32 and a fifty-two week high of $8.93.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $545.40 million for the quarter, compared to analyst estimates of $550.93 million. Unisys had a negative return on equity of 16.84% and a negative net margin of 9.63%. During the same quarter in the previous year, the company posted $0.51 EPS. On average, analysts expect that Unisys Co. will post 0.61 earnings per share for the current year.

Analysts Set New Price Targets

UIS has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered their price target on Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a report on Thursday, February 20th. StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a report on Thursday, February 13th.

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.