Unisys (NYSE:UIS) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts also recently weighed in on UIS. BidaskClub downgraded shares of Unisys from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of Unisys from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Loop Capital decreased their target price on shares of Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.00.

Unisys (UIS) traded down $0.15 during midday trading on Friday, reaching $7.60. 456,820 shares of the company’s stock traded hands, compared to its average volume of 717,187. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of -0.38. Unisys has a one year low of $6.90 and a one year high of $16.70. The firm has a market capitalization of $391.17, a P/E ratio of 6.56 and a beta of 1.91.

Unisys (NYSE:UIS) last released its quarterly earnings data on Monday, October 30th. The information technology services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.87. Unisys had a negative net margin of 4.30% and a negative return on equity of 5.32%. The company had revenue of $666.30 million during the quarter, compared to the consensus estimate of $637.10 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Unisys’s revenue for the quarter was down 2.5% on a year-over-year basis. sell-side analysts anticipate that Unisys will post 1.39 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in UIS. Legal & General Group Plc boosted its stake in shares of Unisys by 7.1% during the first quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock worth $175,000 after buying an additional 821 shares during the period. Geode Capital Management LLC boosted its stake in shares of Unisys by 6.3% during the first quarter. Geode Capital Management LLC now owns 363,586 shares of the information technology services provider’s stock worth $5,072,000 after buying an additional 21,585 shares during the period. State Street Corp raised its holdings in Unisys by 4.2% during the first quarter. State Street Corp now owns 1,006,109 shares of the information technology services provider’s stock worth $14,031,000 after purchasing an additional 40,395 shares in the last quarter. Bank of Montreal Can raised its holdings in Unisys by 22.7% during the second quarter. Bank of Montreal Can now owns 135,000 shares of the information technology services provider’s stock worth $1,728,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Unisys by 54.8% during the second quarter. Acadian Asset Management LLC now owns 51,721 shares of the information technology services provider’s stock worth $662,000 after purchasing an additional 18,312 shares in the last quarter.

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About Unisys

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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