Kovack Advisors Inc. reduced its position in shares of Unisys Co. (NYSE:UIS – Free Report) by 4.4% in the fourth quarter, Holdings Channel reports. The firm owned 768,400 shares of the information technology services provider’s stock after selling 35,600 shares during the period. Kovack Advisors Inc.’s holdings in Unisys were worth $4,318,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC grew its position in Unisys by 52.4% in the third quarter. SG Americas Securities LLC now owns 75,686 shares of the information technology services provider’s stock worth $261,000 after acquiring an additional 26,013 shares in the last quarter. Oak Thistle LLC purchased a new position in Unisys in the third quarter worth $71,000. Grant GrossMendelsohn LLC grew its position in Unisys by 183.3% in the third quarter. Grant GrossMendelsohn LLC now owns 34,000 shares of the information technology services provider’s stock worth $117,000 after acquiring an additional 22,000 shares in the last quarter. Brown Advisory Inc. grew its position in Unisys by 25.1% in the third quarter. Brown Advisory Inc. now owns 49,798 shares of the information technology services provider’s stock worth $172,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Strs Ohio grew its position in Unisys by 9.7% in the third quarter. Strs Ohio now owns 142,100 shares of the information technology services provider’s stock worth $490,000 after acquiring an additional 12,600 shares in the last quarter. 86.87% of the stock is currently owned by hedge funds and other institutional investors.
Unisys Price Performance
NYSE:UIS remained flat at $5.46 during midday trading on Friday. 317,813 shares of the company traded hands, compared to its average volume of 717,220. Unisys Co. has a one year low of $2.60 and a one year high of $8.12. The stock has a 50-day simple moving average of $5.38 and a two-hundred day simple moving average of $5.30. The firm has a market cap of $376.79 million, a P/E ratio of -0.86 and a beta of 0.97. The company has a debt-to-equity ratio of 78.55, a current ratio of 1.49 and a quick ratio of 1.47.
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.
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