Unisys Corporation (NYSE:UIS) Stock Has Consensus Price Target of $5.00

Shares of Unisys Corporation (NYSE:UIS) have been given an average rating of “Hold” by the five analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.00.

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research note on Thursday, October 15th. Jefferies Financial Group reiterated a “hold” rating on shares of Unisys in a research note on Monday. Needham & Company LLC lowered their price target on Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Wall Street Zen raised Unisys from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research downgraded Unisys from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th.

Insider Transactions at Unisys

In other Unisys news, CAO David Brown sold 10,553 shares of Unisys stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $2.54, for a total value of $26,804.62. Following the transaction, the chief accounting officer 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Unisys

A number of hedge funds have recently made changes to their positions in UIS. Cetera Investment Advisers bought a new stake in shares of Unisys during the 1st quarter valued at approximately $26,000. Abel Hall LLC acquired a new position in Unisys during the 1st quarter worth approximately $27,000. Royal Bank of Canada increased its position in Unisys by 487.1% during the 1st quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 11,642 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Unisys during the 2nd quarter worth approximately $48,000. Finally, Waverly Advisors LLC lifted its stake in Unisys by 161.6% in the 2nd quarter. Waverly Advisors LLC now owns 28,474 shares of the information technology services provider’s stock valued at $104,000 after purchasing an additional 17,588 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Unisys Trading Down 1.7%

Shares of Unisys stock opened at $2.65 on Monday. The company has a market cap of $192.90 million, a PE ratio of -0.61, a price-to-earnings-growth ratio of 0.40 and a beta of 1.98. The company has a 50 day moving average of $2.42 and a 200-day moving average of $2.79. Unisys has a 1-year low of $1.97 and a 1-year high of $4.98.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.09. Unisys had a negative net margin of 16.01% and a negative return on equity of 11.97%. The business had revenue of $471.50 million for the quarter, compared to analysts’ expectations of $449.92 million. Research analysts forecast that Unisys will post 0.45 earnings per share for the current year.

About Unisys

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.