Unisys Co. (UIS) Receives Average Recommendation of “Buy” from Brokerages
Unisys Co. (NYSE:UIS) has earned an average recommendation of “Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.33.
A number of research firms have recently issued reports on UIS. ValuEngine upgraded Unisys from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. SunTrust Banks reiterated a “buy” rating and issued a $16.00 target price on shares of Unisys in a research note on Wednesday, August 1st. Finally, Zacks Investment Research upgraded Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a research note on Thursday, August 2nd.
UIS stock opened at $15.11 on Wednesday. Unisys has a 1 year low of $7.20 and a 1 year high of $20.95. The stock has a market capitalization of $892.73 million, a PE ratio of 6.24 and a beta of 1.48.
Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in shares of Unisys by 103.2% in the 3rd quarter. Renaissance Technologies LLC now owns 291,533 shares of the information technology services provider’s stock worth $5,947,000 after purchasing an additional 148,033 shares during the last quarter. Riverhead Capital Management LLC bought a new stake in shares of Unisys in the 3rd quarter worth approximately $110,000. Ancora Advisors LLC bought a new stake in shares of Unisys in the 3rd quarter worth approximately $4,698,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Unisys by 5.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 938,894 shares of the information technology services provider’s stock valued at $19,153,000 after acquiring an additional 51,077 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Unisys by 7.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,133,528 shares of the information technology services provider’s stock valued at $23,124,000 after acquiring an additional 79,201 shares in the last quarter.
Unisys Company Profile
Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.
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