Saba Capital Management L.P. lowered its holdings in Unisys Co. (NYSE:UIS - Free Report) by 30.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 809,079 shares of the information technology services provider's stock after selling 361,405 shares during the quarter. Saba Capital Management L.P. owned approximately 1.17% of Unisys worth $5,121,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. AlphaQuest LLC bought a new position in shares of Unisys during the 4th quarter worth approximately $39,000. Quarry LP increased its position in shares of Unisys by 985.8% during the fourth quarter. Quarry LP now owns 8,556 shares of the information technology services provider's stock worth $54,000 after purchasing an additional 7,768 shares in the last quarter. Calton & Associates Inc. acquired a new position in shares of Unisys during the fourth quarter worth $63,000. Boothbay Fund Management LLC purchased a new stake in shares of Unisys during the 4th quarter valued at $68,000. Finally, Inceptionr LLC acquired a new stake in shares of Unisys in the 4th quarter worth $72,000. Hedge funds and other institutional investors own 86.87% of the company's stock.
Unisys Price Performance
UIS stock traded down $0.02 during trading on Tuesday, hitting $5.22. 433,101 shares of the company traded hands, compared to its average volume of 559,411. Unisys Co. has a 1 year low of $3.32 and a 1 year high of $8.93. The company has a market cap of $370.97 million, a PE ratio of -1.84, a P/E/G ratio of 0.56 and a beta of 1.26. The stock's 50-day simple moving average is $4.37 and its 200 day simple moving average is $5.83.
Unisys (NYSE:UIS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.19. The business 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%. Research analysts expect that Unisys Co. will post 0.61 earnings per share for the current year.
Wall Street Analysts Forecast Growth
UIS has been the topic of several recent analyst reports. StockNews.com downgraded shares of Unisys from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Canaccord Genuity Group dropped their target price on shares of Unisys from $7.00 to $6.50 and set a "hold" rating on the stock in a research report on Thursday, February 20th.
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Unisys Profile
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Free Report)
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.
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