Unisys Corp. (NYSE:UIS)’s share price shot up 3.7% during trading on Wednesday . The company traded as high as $7.63 and last traded at $7.62, with a volume of 207,327 shares traded. The stock had previously closed at $7.35.

A number of research firms have commented on UIS. Zacks Investment Research cut shares of Unisys Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday. SunTrust Banks Inc. began coverage on shares of Unisys Corp. in a research report on Tuesday, June 21st. They set a “buy” rating and a $11.00 price objective for the company. Finally, Sidoti began coverage on shares of Unisys Corp. in a research report on Tuesday, March 29th. They set a “buy” rating and a $13.00 price objective for the company.

The firm’s market capitalization is $380.93 million. The stock’s 50 day moving average price is $7.68 and its 200 day moving average price is $8.46.

Several hedge funds have modified their holdings of UIS. New York State Common Retirement Fund increased its stake in shares of Unisys Corp. by 291.6% in the fourth quarter. New York State Common Retirement Fund now owns 185,639 shares of the company’s stock worth $2,051,000 after buying an additional 138,239 shares during the period. California Public Employees Retirement System increased its stake in Unisys Corp. by 8.8% in the fourth quarter. California Public Employees Retirement System now owns 246,700 shares of the company’s stock worth $2,726,000 after buying an additional 20,000 shares during the last quarter. Glacier Peak Capital LLC increased its stake in Unisys Corp. by 25.2% in the fourth quarter. Glacier Peak Capital LLC now owns 735,040 shares of the company’s stock worth $8,122,000 after buying an additional 148,126 shares during the last quarter. Finally, Royce & Associates LLC increased its stake in Unisys Corp. by 30.7% in the fourth quarter. Royce & Associates LLC now owns 1,901,320 shares of the company’s stock worth $21,010,000 after buying an additional 447,146 shares during the last quarter.

Unisys Corporation is an information technology (IT) company. The Company operates through two segments. Its Services segment includes cloud and infrastructure services, application services and business process outsourcing services. In cloud and infrastructure services, it helps clients apply cloud and as-a-service delivery models to manage and secure their IT infrastructure and operations.

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