Unisys (NYSE:UIS) Lowered to “Hold” Rating by Wall Street Zen

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

Several other brokerages also recently commented on UIS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a report on Monday, April 20th. Needham & Company LLC reiterated a “buy” rating and issued a $4.00 target price on shares of Unisys in a report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.67.

Unisys Trading Up 3.9%

UIS stock opened at $3.17 on Friday. The firm has a market cap of $231.02 million, a PE ratio of -0.65, a PEG ratio of 0.36 and a beta of 1.60. Unisys has a 1 year low of $1.97 and a 1 year high of $6.06. The company has a fifty day simple moving average of $2.36 and a 200 day simple moving average of $2.67.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.12. The firm had revenue of $437.60 million for the quarter, compared to the consensus estimate of $415.64 million. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. As a group, analysts forecast that Unisys will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Aquatic Capital Management LLC bought a new position in shares of Unisys during the 3rd quarter worth about $30,000. Quarry LP increased its holdings in shares of Unisys by 445.7% during the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 8,335 shares during the period. Abel Hall LLC bought a new position in shares of Unisys during the 1st quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Unisys during the 4th quarter worth about $68,000. Finally, Potomac Capital Management Inc. bought a new position in shares of Unisys during the 4th quarter worth about $264,000. Institutional investors own 86.87% of the company’s stock.

Unisys Company Profile

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.