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.
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.
COPYRIGHT VIOLATION WARNING: “6 Meridian Takes Position in Unisys Co. (UIS)” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.com-unik.info/2019/04/17/6-meridian-takes-position-in-unisys-co-uis.html.
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.
Read More: What is a support level?
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).
Receive News & Ratings for Unisys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unisys and related companies with MarketBeat.com's FREE daily email newsletter.