Zacks Research Downgrades Unisys (NYSE:UIS) to Hold

Unisys (NYSE:UIS) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research report on Friday, July 17th. Needham & Company LLC raised their target price on Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen lowered Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Unisys presently has a consensus rating of “Hold” and an average price target of $6.33.

Unisys Trading Up 1.5%

Unisys stock opened at $3.41 on Monday. The firm has a market cap of $248.61 million, a PE ratio of -0.70, a P/E/G ratio of 0.30 and a beta of 1.87. Unisys has a 12 month low of $1.97 and a 12 month high of $4.98. The stock’s 50 day simple moving average is $3.70 and its two-hundred day simple moving average is $2.94.

Unisys (NYSE:UIS) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.12. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. The firm had revenue of $437.60 million during the quarter, compared to analyst estimates of $415.64 million. On average, equities research analysts forecast that Unisys will post 0.74 EPS for the current year.

Insider Buying and Selling

In other news, Director Philippe Germond sold 20,000 shares of the company’s stock in a transaction 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 $981,279.95. This represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 43,846 shares of company stock valued at $156,102 in the last quarter. 11.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Unisys by 18.9% during the second quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock valued at $7,768,000 after acquiring an additional 272,627 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Unisys by 106.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 444,084 shares of the information technology services provider’s stock worth $2,012,000 after purchasing an additional 229,233 shares during the period. Cerity Partners LLC increased its holdings in Unisys by 12.4% in the 2nd quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock valued at $112,000 after purchasing an additional 2,728 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Unisys in the 2nd quarter valued at approximately $128,000. Finally, Qube Research & Technologies Ltd raised its position in Unisys by 13.6% in the second quarter. Qube Research & Technologies Ltd now owns 533,004 shares of the information technology services provider’s stock valued at $2,415,000 after purchasing an additional 64,002 shares during the period. Institutional investors and hedge funds own 86.87% of the company’s stock.

About Unisys

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.