ValuEngine cut shares of Unisys Corporation (NYSE:UIS) from a buy rating to a hold rating in a research note released on Friday.

Other equities analysts have also issued research reports about the company. SunTrust Banks, Inc. set a $15.00 price objective on Unisys Corporation and gave the stock a buy rating in a research note on Wednesday, August 2nd. BidaskClub lowered Unisys Corporation from a buy rating to a hold rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered Unisys Corporation from a hold rating to a strong sell rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Unisys Corporation currently has a consensus rating of Hold and a consensus target price of $13.67.

Unisys Corporation (NYSE UIS) opened at 7.75 on Friday. The stock’s 50 day moving average price is $9.82 and its 200 day moving average price is $12.05. Unisys Corporation has a 1-year low of $6.90 and a 1-year high of $16.70. The company’s market cap is $391.13 million.

Unisys Corporation (NYSE:UIS) last released its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.34. The business had revenue of $666.20 million during the quarter, compared to the consensus estimate of $674.55 million. Unisys Corporation had a negative return on equity of 5.94% and a negative net margin of 3.81%. The business’s revenue was down 11.0% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. On average, equities analysts anticipate that Unisys Corporation will post ($1.94) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its stake in shares of Unisys Corporation by 1.9% in the second quarter. Schroder Investment Management Group now owns 23,936 shares of the information technology services provider’s stock worth $305,000 after acquiring an additional 441 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Unisys Corporation by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 39,652 shares of the information technology services provider’s stock worth $507,000 after acquiring an additional 448 shares during the period. Rhumbline Advisers boosted its stake in shares of Unisys Corporation by 1.3% in the second quarter. Rhumbline Advisers now owns 59,671 shares of the information technology services provider’s stock worth $764,000 after acquiring an additional 740 shares during the period. First Heartland Consultants Inc. boosted its stake in shares of Unisys Corporation by 0.8% in the first quarter. First Heartland Consultants Inc. now owns 93,500 shares of the information technology services provider’s stock worth $1,304,000 after acquiring an additional 750 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Unisys Corporation by 7.1% in the first quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock worth $175,000 after acquiring an additional 821 shares during the period.

About Unisys Corporation

Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.

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