Hennessy Advisors Inc. Makes New Investment in Unisys Co. (NYSE:UIS)

Hennessy Advisors Inc. bought a new position in shares of Unisys Co. (NYSE:UIS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,719 shares of the information technology services provider’s stock, valued at approximately $97,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Nisa Investment Advisors LLC bought a new stake in shares of Unisys during the 4th quarter worth approximately $34,000. Calton & Associates Inc. bought a new stake in shares of Unisys during the 4th quarter worth approximately $56,000. Boulder Hill Capital Management LP bought a new stake in shares of Unisys during the 4th quarter worth approximately $66,000. Truist Financial Corp bought a new stake in shares of Unisys during the 4th quarter worth approximately $86,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Unisys by 1,092.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 18,415 shares of the information technology services provider’s stock worth $103,000 after acquiring an additional 16,871 shares during the period. Institutional investors and hedge funds own 86.87% of the company’s stock.

Unisys Stock Performance

Shares of Unisys stock opened at $4.13 on Friday. The company has a 50 day moving average of $4.69 and a 200-day moving average of $5.49. Unisys Co. has a 1-year low of $2.60 and a 1-year high of $8.12. The company has a current ratio of 1.56, a quick ratio of 1.53 and a debt-to-equity ratio of 78.55. The company has a market cap of $285.92 million, a PE ratio of -0.70 and a beta of 0.85.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Tuesday, May 7th. The information technology services provider reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.27. Unisys had a negative net margin of 20.37% and a negative return on equity of 17.04%. The company had revenue of $487.80 million during the quarter, compared to the consensus estimate of $482.90 million. During the same quarter in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Unisys Co. will post -0.28 earnings per share for the current fiscal year.

Insider Activity at Unisys

In related news, Director Roxanne Taylor sold 78,868 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $5.08, for a total value of $400,649.44. Following the completion of the transaction, the director now owns 8,009 shares of the company’s stock, valued at approximately $40,685.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by insiders.

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.