Anchor Capital Management Company LLC Sells 111,778 Shares of Unisys Co. (NYSE:UIS)

Anchor Capital Management Company LLC lessened its stake in Unisys Co. (NYSE:UIS - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,315,066 shares of the information technology services provider's stock after selling 111,778 shares during the quarter. Unisys accounts for approximately 7.2% of Anchor Capital Management Company LLC's holdings, making the stock its 6th biggest position. Anchor Capital Management Company LLC owned approximately 1.90% of Unisys worth $8,324,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UIS. AlphaQuest LLC bought a new position in shares of Unisys during the 4th quarter valued at $39,000. Quarry LP grew its stake in shares of Unisys by 985.8% during the 4th quarter. Quarry LP now owns 8,556 shares of the information technology services provider's stock valued at $54,000 after purchasing an additional 7,768 shares during the period. Calton & Associates Inc. purchased a new stake in shares of Unisys during the 4th quarter valued at about $63,000. Boothbay Fund Management LLC purchased a new position in shares of Unisys in the fourth quarter worth approximately $68,000. Finally, Virtu Financial LLC bought a new stake in shares of Unisys in the third quarter worth about $62,000. Institutional investors own 86.87% of the company's stock.

Unisys Stock Performance

UIS stock traded up $0.30 during midday trading on Thursday, reaching $5.04. 372,689 shares of the company traded hands, compared to its average volume of 550,621. The firm has a market capitalization of $358.18 million, a price-to-earnings ratio of -1.78, a P/E/G ratio of 0.56 and a beta of 1.26. 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 of $4.16 and a 200-day moving average of $5.89.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The information technology services provider reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.24) by $0.19. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. The business had revenue of $432.10 million for the quarter, compared to analysts' expectations of $441.20 million. Research analysts anticipate that Unisys Co. will post 0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. 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. StockNews.com downgraded shares of Unisys from a "buy" rating to a "hold" rating in a research note on Monday.

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.