Unisys (NYSE:UIS) Raised to Buy at Wall Street Zen

Unisys (NYSE:UIS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Canaccord Genuity Group lowered their target price on shares of Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a report on Thursday, February 20th.

Unisys Stock Performance

UIS opened at $4.57 on Friday. The stock has a market capitalization of $324.78 million, a price-to-earnings ratio of -1.61, a PEG ratio of 0.56 and a beta of 1.35. The company has a fifty day moving average of $4.46 and a 200 day moving average of $5.54. Unisys has a fifty-two week low of $3.32 and a fifty-two week high of $8.93.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Wednesday, April 30th. The information technology services provider reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.19. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. The business had revenue of $432.10 million during the quarter, compared to analysts’ expectations of $441.20 million. On average, equities research analysts forecast that Unisys will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Unisys

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UIS. Virtus Fund Advisers LLC purchased a new position in Unisys during the 4th quarter valued at about $35,000. AlphaQuest LLC purchased a new position in Unisys during the 4th quarter valued at about $39,000. Pallas Capital Advisors LLC purchased a new position in Unisys during the 1st quarter valued at about $49,000. Quarry LP increased its position in Unisys by 985.8% during the 4th quarter. Quarry LP now owns 8,556 shares of the information technology services provider’s stock valued at $54,000 after purchasing an additional 7,768 shares during the period. Finally, Grant GrossMendelsohn LLC purchased a new position in Unisys during the 1st quarter valued at about $60,000. Institutional investors own 86.87% of the company’s stock.

Unisys Company Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.