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

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

UIS has been the subject of several other research reports. Needham & Company LLC dropped their price target on shares of Unisys from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research report on Thursday, October 15th. Finally, Zacks Research lowered shares of Unisys from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Unisys currently has a consensus rating of “Hold” and an average price target of $5.00.

Unisys Stock Up 7.5%

UIS stock opened at $2.65 on Friday. The business has a 50 day moving average of $2.42 and a 200 day moving average of $2.79. The firm has a market cap of $192.87 million, a PE ratio of -0.61, a price-to-earnings-growth ratio of 0.40 and a beta of 1.98. Unisys has a twelve month low of $1.97 and a twelve month high of $4.98.

Unisys (NYSE:UIS) last released its earnings results on Wednesday, November 4th. The information technology services provider reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.09. Unisys had a negative return on equity of 11.97% and a negative net margin of 16.01%. The business had revenue of $471.50 million for the quarter, compared to the consensus estimate of $449.92 million. On average, research analysts expect that Unisys will post 0.45 earnings per share for the current fiscal year.

Insider Activity at Unisys

In other news, CAO David Brown sold 10,553 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $2.54, for a total transaction of $26,804.62. Following the completion of the transaction, the chief accounting officer directly owned 103,558 shares of the company’s stock, valued at $263,037.32. The trade was a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Unisys

A number of large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in Unisys by 5.2% during the third quarter. Russell Investments Group Ltd. now owns 99,669 shares of the information technology services provider’s stock valued at $230,000 after acquiring an additional 4,912 shares during the last quarter. Daytona Street Capital LLC bought a new position in Unisys in the third quarter valued at about $118,000. WINTON GROUP Ltd bought a new position in Unisys in the second quarter valued at about $48,000. Integrated Wealth Concepts LLC purchased a new position in Unisys in the second quarter worth about $743,000. Finally, Waverly Advisors LLC boosted its position in Unisys by 161.6% in the second quarter. Waverly Advisors LLC now owns 28,474 shares of the information technology services provider’s stock worth $104,000 after purchasing an additional 17,588 shares during the last quarter. 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 and manage their technology environments. Its offerings include cloud services, infrastructure modernization, cybersecurity, digital workplace solutions, application services and business process services.

The company serves commercial businesses, governments and other public-sector organizations across North America, Europe, the Asia-Pacific region and Latin America.