Towle Co buys $21,450,589 stake in Unisys Corporation (UIS)

Unisys Corporation (UIS) : Towle Co scooped up 349,350 additional shares in Unisys Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 2,117,531 shares of Unisys Corporation which is valued at $21,450,589.Unisys Corporation makes up approximately 3.76% of Towle Co’s portfolio.

Other Hedge Funds, Including , New Jersey Better Educational Savings Trust reduced its stake in UIS by selling 30,000 shares or 60.0% in the most recent quarter. The Hedge Fund company now holds 20,000 shares of UIS which is valued at $202,600. Unisys Corporation makes up approx 0.13% of New Jersey Better Educational Savings Trust’s portfolio. Acadian Asset Management sold out all of its stake in UIS during the most recent quarter. The investment firm sold 68,525 shares of UIS which is valued $521,475. Trust Asset Management added UIS to its portfolio by purchasing 32 company shares during the most recent quarter which is valued at $244.Creative Planning boosted its stake in UIS in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 1,232 shares of Unisys Corporation which is valued at $9,659.

Unisys Corporation closed down -0.07 points or -0.68% at $10.16 with 5,68,501 shares getting traded on Monday. Post opening the session at $10.23, the shares hit an intraday low of $10 and an intraday high of $10.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Unisys Corporation reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.06. The company had revenue of $666.80 million for the quarter, compared to analysts expectations of $655.37 million. The company’s revenue was down -7.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.32 EPS.

Many Wall Street Analysts have commented on Unisys Corporation. Unisys Corporation was Initiated by SunTrust to “Buy” on Jun 22, 2016.

Unisys Corporation is a global Information Technology (IT) company. The Company provides outsourcing and managed services systems integration and consulting services server technology cybersecurity and cloud management software and maintenance and infrastructure support services. The Company operates through two segments: Services and Technology. The Company’s services include outsourcing systems integration and consulting infrastructure services and maintenance. The Company’s Technology segment designs and develops software servers and related products. The Company’s product offerings include enterprise-class servers such as the ClearPath family of servers the Forward! by Unisys line of fabric servers and the ES family of servers; the Unisys Stealth family of cybersecurity software and operating system software and middleware.

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