Unisys (NYSE:UIS) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a report published on Saturday.

Separately, Maxim Group raised Unisys from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Monday, August 4th.

Unisys Stock Performance

Shares of NYSE:UIS opened at $3.91 on Friday. The stock’s 50-day moving average is $4.26 and its 200-day moving average is $4.58. Unisys has a 52-week low of $3.56 and a 52-week high of $8.93. The company has a market cap of $278.39 million, a P/E ratio of -3.31, a P/E/G ratio of 0.54 and a beta of 1.31.

Unisys (NYSE:UIS) last released its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%. The business had revenue of $483.30 million for the quarter, compared to the consensus estimate of $444.65 million. During the same period last year, the business earned $0.16 earnings per share. As a group, equities analysts predict that Unisys will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Unisys

A number of institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC grew its position in Unisys by 18.6% during the first quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider’s stock worth $65,000 after buying an additional 2,230 shares in the last quarter. HighTower Advisors LLC lifted its stake in Unisys by 22.5% during the first quarter. HighTower Advisors LLC now owns 14,400 shares of the information technology services provider’s stock worth $66,000 after purchasing an additional 2,643 shares during the period. Cerity Partners LLC lifted its stake in Unisys by 12.4% during the second quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 2,728 shares during the period. AlphaQuest LLC lifted its stake in Unisys by 56.9% during the first quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 3,523 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Unisys by 13.0% during the fourth quarter. Hsbc Holdings PLC now owns 34,241 shares of the information technology services provider’s stock worth $218,000 after purchasing an additional 3,937 shares during the period. 86.87% of the stock is owned by institutional investors and hedge funds.

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.