Unisys Corporation (NYSE:UIS) Stock Has Average Target Price of $4.50

Unisys Corporation (NYSE:UIS) has been given an average rating of “Hold” by the four brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $5.00.

A number of equities research analysts have recently commented on UIS shares. Zacks Research cut shares of Unisys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a report on Friday, July 17th. Finally, Needham & Company LLC lowered their price objective on Unisys from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th.

Unisys Trading Down 0.2%

Shares of UIS opened at $2.37 on Friday. Unisys has a 1-year low of $1.97 and a 1-year high of $4.98. The firm’s 50-day moving average price is $2.80 and its 200-day moving average price is $2.97. The firm has a market capitalization of $172.45 million, a price-to-earnings ratio of -0.40, a PEG ratio of 0.28 and a beta of 1.88.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Wednesday, July 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $473.50 million for the quarter, compared to analysts’ expectations of $448.92 million. Unisys had a negative net margin of 21.65% and a negative return on equity of 14.09%. On average, research analysts forecast that Unisys will post 0.57 EPS for the current fiscal year.

Insider Activity

In other news, CAO David Brown sold 10,553 shares of Unisys stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $2.54, for a total value of $26,804.62. Following the completion of the sale, the chief accounting officer directly owned 103,558 shares in the company, valued at $263,037.32. The trade was a 9.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UIS. Pinnacle Holdings LLC bought a new stake in Unisys in the 2nd quarter worth approximately $892,000. Saba Capital Management L.P. lifted its holdings in shares of Unisys by 15.5% during the 1st quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock valued at $3,709,000 after buying an additional 240,476 shares during the period. Headlands Technologies LLC purchased a new position in shares of Unisys in the 2nd quarter worth $145,000. Royal Bank of Canada boosted its stake in shares of Unisys by 487.1% in the 1st quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock worth $29,000 after buying an additional 11,642 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Unisys by 43.0% in the first quarter. Lazard Asset Management LLC now owns 200,155 shares of the information technology services provider’s stock worth $414,000 after acquiring an additional 60,170 shares during the period. Institutional investors own 86.87% of the company’s stock.

Unisys Company Profile

Unisys Corporation (NYSE:UIS) is a global information technology services and solutions company that helps organizations modernize their technology environments, improve operational efficiency and manage complex business processes. The company serves commercial businesses, government agencies and other large organizations.

Its offerings include cloud and infrastructure services, digital workplace solutions, application modernization, cybersecurity, data analytics and enterprise computing.