Trexquant Investment LP Buys New Position in Unisys Co. (NYSE:UIS)

Trexquant Investment LP purchased a new stake in Unisys Co. (NYSE:UIS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 177,194 shares of the information technology services provider's stock, valued at approximately $1,122,000. Trexquant Investment LP owned approximately 0.26% of Unisys at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UIS. Vanguard Group Inc. grew its stake in shares of Unisys by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 7,096,464 shares of the information technology services provider's stock valued at $44,921,000 after buying an additional 157,919 shares during the period. JPMorgan Chase & Co. increased its stake in Unisys by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider's stock worth $13,215,000 after acquiring an additional 38,572 shares during the last quarter. State Street Corp lifted its stake in shares of Unisys by 13.2% in the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider's stock valued at $9,162,000 after purchasing an additional 188,630 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Unisys by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,556,325 shares of the information technology services provider's stock worth $9,854,000 after purchasing an additional 6,672 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Unisys by 3.1% in the 4th quarter. New York State Common Retirement Fund now owns 535,564 shares of the information technology services provider's stock valued at $3,390,000 after buying an additional 16,321 shares during the period. Institutional investors and hedge funds own 86.87% of the company's stock.

Unisys Stock Down 0.9 %

Unisys stock traded down $0.04 during trading on Wednesday, reaching $3.90. The stock had a trading volume of 26,060 shares, compared to its average volume of 542,416. Unisys Co. has a 52-week low of $3.32 and a 52-week high of $8.93. The business has a 50 day moving average price of $4.67 and a 200 day moving average price of $6.11. The stock has a market cap of $276.81 million, a PE ratio of -1.37, a P/E/G ratio of 0.56 and a beta of 1.14.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $545.40 million for the quarter, compared to analysts' expectations 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 period last year, the firm earned $0.51 earnings per share. On average, equities analysts predict that Unisys Co. will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on UIS shares. StockNews.com raised Unisys from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Canaccord Genuity Group reduced their price objective 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 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.