Unisys (UIS) Raised to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Unisys (NYSE:UIS) from a sell rating to a hold rating in a report released on Tuesday.
According to Zacks, “Unisys reported strong fourth-quarter 2017 results with healthy year-over-year increase in revenues and earnings. The company has been restructuring its business to improve profitability. It has a strong product line in its Technology segment and is expanding distribution capabilities by building new reseller channels. The company’s sustained investments in strategic high-potential products and services are expected to drive growth and boost results. The company has outperformed the industry in the last three months. However, Unisys faces stiff competition in the information services and technology marketplace. Also, it operates in a highly volatile industry characterized by rapid technological innovation and continually changing customer demand patterns. A significant amount of Unisys’ revenues comes from the international operations, exposing it to the impact of adverse currency movements.”
Other research analysts have also recently issued research reports about the company. ValuEngine cut Unisys from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. Loop Capital reduced their price objective on Unisys from $12.00 to $9.00 and set a hold rating on the stock in a research note on Tuesday, October 31st. Susquehanna Bancshares restated a neutral rating on shares of Unisys in a research note on Monday. Finally, UBS Group cut Unisys from a positive rating to a neutral rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Unisys presently has a consensus rating of Hold and a consensus target price of $12.00.
Unisys (NYSE:UIS) last issued its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $1.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $1.02. The company had revenue of $746.60 million for the quarter, compared to analysts’ expectations of $704.07 million. Unisys had a negative return on equity of 10.45% and a negative net margin of 2.35%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. sell-side analysts expect that Unisys will post 1.58 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of Unisys by 22.2% during the second quarter. Ameriprise Financial Inc. now owns 430,428 shares of the information technology services provider’s stock worth $5,521,000 after acquiring an additional 78,259 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Unisys by 18.7% during the second quarter. Vanguard Group Inc. now owns 6,715,192 shares of the information technology services provider’s stock worth $85,954,000 after acquiring an additional 1,058,172 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Unisys by 50.7% during the third quarter. Neuberger Berman Group LLC now owns 1,496,334 shares of the information technology services provider’s stock worth $12,719,000 after acquiring an additional 503,443 shares during the last quarter. First Heartland Consultants Inc. increased its position in shares of Unisys by 24.8% during the third quarter. First Heartland Consultants Inc. now owns 116,700 shares of the information technology services provider’s stock worth $992,000 after acquiring an additional 23,200 shares during the last quarter. Finally, Adams Asset Advisors LLC increased its position in shares of Unisys by 98.9% during the third quarter. Adams Asset Advisors LLC now owns 144,387 shares of the information technology services provider’s stock worth $1,227,000 after acquiring an additional 71,794 shares during the last quarter.
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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