Unisys Corporation (NYSE:UIS) Receives $6.33 Average PT from Brokerages

Unisys Corporation (NYSE:UIS) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $6.3333.

A number of equities analysts have recently commented on UIS shares. Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Needham & Company LLC raised their price objective on shares of Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Zacks Research raised shares of Unisys from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research note on Monday, April 20th.

Unisys Trading Up 0.5%

Shares of NYSE UIS traded up $0.02 during trading hours on Friday, reaching $4.10. The stock had a trading volume of 1,349,040 shares, compared to its average volume of 877,560. The firm has a 50-day moving average of $3.57 and a 200-day moving average of $2.88. The firm has a market cap of $298.89 million, a price-to-earnings ratio of -0.84, a PEG ratio of 0.37 and a beta of 1.87. Unisys has a fifty-two week low of $1.97 and a fifty-two week high of $4.98.

Unisys (NYSE:UIS) last released its quarterly 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. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%.The company had revenue of $437.60 million for the quarter, compared to analyst estimates of $415.64 million. On average, equities analysts predict that Unisys will post 0.74 EPS for the current year.

Insider Buying and Selling at Unisys

In other news, Director Philippe Germond sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $4.15, for a total value of $83,000.00. Following the transaction, the director owned 236,453 shares of the company’s stock, valued at approximately $981,279.95. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 43,846 shares of company stock valued at $156,102. Company insiders own 11.56% of the company’s stock.

Hedge Funds Weigh In On Unisys

Several institutional investors have recently bought and sold shares of UIS. Royal Bank of Canada lifted 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 acquiring an additional 11,642 shares during the period. Saba Capital Management L.P. increased its stake in shares of Unisys by 15.5% during the first quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock worth $3,709,000 after acquiring an additional 240,476 shares during the period. Lazard Asset Management LLC raised its holdings in Unisys by 43.0% during the first quarter. Lazard Asset Management LLC now owns 200,155 shares of the information technology services provider’s stock worth $414,000 after purchasing an additional 60,170 shares in the last quarter. Sei Investments Co. boosted its holdings in Unisys by 169.4% in the 1st quarter. Sei Investments Co. now owns 69,861 shares of the information technology services provider’s stock valued at $145,000 after purchasing an additional 43,927 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in Unisys during the 1st quarter worth approximately $26,000. 86.87% of the stock is owned by institutional investors and hedge funds.

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.