6 Meridian Takes Position in Unisys Co. (UIS)

6 Meridian purchased a new stake in Unisys Co. (NYSE:UIS) in the first quarter, HoldingsChannel.com reports. The firm purchased 15,706 shares of the information technology services provider’s stock, valued at approximately $183,000.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new position in shares of Unisys in the fourth quarter valued at $25,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Unisys during the fourth quarter valued at $49,000. Riverhead Capital Management LLC acquired a new stake in shares of Unisys during the third quarter valued at $110,000. Pearl River Capital LLC acquired a new stake in shares of Unisys during the fourth quarter valued at $73,000. Finally, BlueMountain Capital Management LLC acquired a new stake in shares of Unisys during the third quarter valued at $155,000.

UIS opened at $11.22 on Wednesday. The firm has a market cap of $590.09 million, a P/E ratio of 5.75 and a beta of 1.46. Unisys Co. has a 52 week low of $10.46 and a 52 week high of $20.95.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Tuesday, February 12th. The information technology services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.31. The business had revenue of $760.90 million for the quarter, compared to analyst estimates of $752.00 million. Unisys had a negative return on equity of 10.65% and a net margin of 2.67%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 earnings per share. Research analysts expect that Unisys Co. will post 1.97 EPS for the current year.

UIS has been the topic of a number of analyst reports. Zacks Investment Research lowered Unisys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine lowered Unisys from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, SunTrust Banks decreased their price objective on Unisys to $17.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Unisys has a consensus rating of “Hold” and an average price target of $14.67.

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Unisys Profile

Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.

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Want to see what other hedge funds are holding UIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unisys Co. (NYSE:UIS).

Institutional Ownership by Quarter for Unisys (NYSE:UIS)

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