Adams Asset Advisors buys $970,945 stake in Unisys Corporation (UIS)

Unisys Corporation (UIS) : Adams Asset Advisors scooped up 25,641 additional shares in Unisys Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 98,975 shares of Unisys Corporation which is valued at $970,945.Unisys Corporation makes up approximately 0.13% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in UIS by selling 26,437 shares or 25.55% in the most recent quarter. The Hedge Fund company now holds 77,041 shares of UIS which is valued at $752,691.Simplex Trading reduced its stake in UIS by selling 321 shares or 5.36% in the most recent quarter. The Hedge Fund company now holds 5,664 shares of UIS which is valued at $55,847. Unisys Corporation makes up approx 0.01% of Simplex Trading’s portfolio. Trust Asset Management sold out all of its stake in UIS during the most recent quarter. The investment firm sold 32 shares of UIS which is valued $319.Bnp Paribas Arbitrage Sa reduced its stake in UIS by selling 6,981 shares or 48.24% in the most recent quarter. The Hedge Fund company now holds 7,491 shares of UIS which is valued at $74,760.

Unisys Corporation closed down -0.22 points or -2.20% at $9.77 with 4,57,237 shares getting traded on Tuesday. Post opening the session at $9.97, the shares hit an intraday low of $9.59 and an intraday high of $9.97 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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