Kovack Advisors Inc. Purchases 21,675 Shares of Unisys Corporation $UIS

Kovack Advisors Inc. lifted its holdings in shares of Unisys Corporation (NYSE:UIS) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 819,075 shares of the information technology services provider’s stock after acquiring an additional 21,675 shares during the quarter. Kovack Advisors Inc.’s holdings in Unisys were worth $3,710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaQuest LLC increased its position in shares of Unisys by 56.9% during the first quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider’s stock valued at $45,000 after acquiring an additional 3,523 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in shares of Unisys during the second quarter valued at approximately $46,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Unisys during the second quarter valued at approximately $54,000. Grant GrossMendelsohn LLC purchased a new stake in Unisys during the first quarter worth about $60,000. Finally, Virtu Financial LLC increased its holdings in Unisys by 18.6% during the first quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider’s stock worth $65,000 after buying an additional 2,230 shares during the last quarter. 86.87% of the stock is owned by hedge funds and other institutional investors.

Unisys Stock Down 1.4%

Shares of NYSE:UIS opened at $3.48 on Friday. The firm has a market capitalization of $248.09 million, a PE ratio of -2.95, a P/E/G ratio of 0.52 and a beta of 1.33. Unisys Corporation has a twelve month low of $3.42 and a twelve month high of $8.93. The company has a 50-day moving average price of $3.86 and a two-hundred day moving average price of $4.21.

Unisys (NYSE:UIS) last issued its earnings results on Thursday, June 15th. The information technology services provider reported ($0.02) earnings per share for the quarter. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%.The business had revenue of $446.70 million for the quarter. Analysts anticipate that Unisys Corporation will post 0.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on UIS. Maxim Group upgraded shares of Unisys from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a report on Monday, August 4th. Needham & Company LLC assumed coverage on shares of Unisys in a report on Wednesday, September 3rd. They set a “buy” rating and a $6.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a report on Wednesday, October 8th. Jefferies Financial Group assumed coverage on Unisys in a report on Monday, September 22nd. They set a “hold” rating and a $4.00 price objective for the company. Finally, Wall Street Zen lowered Unisys from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.38.

About Unisys

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.