Unisys (NYSE:UIS) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Unisys (NYSE:UIS) from a hold rating to a buy rating in a report published on Friday morning.

Unisys Trading Up 4.6 %

Shares of Unisys stock opened at $5.65 on Friday. Unisys has a 12 month low of $2.60 and a 12 month high of $8.12. The company has a market capitalization of $391.14 million, a PE ratio of -0.95, a PEG ratio of 1.79 and a beta of 0.78. The stock’s fifty day simple moving average is $5.76 and its 200 day simple moving average is $5.04.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Monday, August 5th. The information technology services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.17. The business had revenue of $478.20 million during the quarter, compared to analyst estimates of $485.93 million. Unisys had a negative return on equity of 24.50% and a negative net margin of 18.95%. Unisys’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) EPS. Analysts predict that Unisys will post 0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Unisys

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Unisys by 4.8% in the first quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock valued at $32,076,000 after purchasing an additional 300,941 shares in the last quarter. Federated Hermes Inc. lifted its stake in Unisys by 13.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock valued at $5,510,000 after acquiring an additional 162,177 shares in the last quarter. Newport Trust Company LLC boosted its position in Unisys by 0.5% during the 2nd quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider’s stock worth $5,389,000 after acquiring an additional 6,894 shares during the last quarter. Kovack Advisors Inc. grew its stake in shares of Unisys by 5.2% during the 1st quarter. Kovack Advisors Inc. now owns 808,507 shares of the information technology services provider’s stock worth $3,970,000 after acquiring an additional 40,107 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Unisys by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 386,918 shares of the information technology services provider’s stock valued at $1,598,000 after purchasing an additional 17,705 shares during the last quarter. 86.87% of the stock is owned by institutional investors and hedge funds.

Unisys Company Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.