Unisys (NYSE:UIS) Price Target Lowered to $6.50 at Canaccord Genuity Group

Unisys (NYSE:UIS) had its price target lowered by Canaccord Genuity Group from $7.00 to $6.50 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a hold rating on the information technology services provider’s stock.

Separately, StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th.

Unisys Stock Performance

NYSE UIS opened at $5.09 on Thursday. The stock has a market capitalization of $352.76 million, a PE ratio of -1.80, a P/E/G ratio of 0.73 and a beta of 0.78. Unisys has a twelve month low of $3.32 and a twelve month high of $8.93. The stock has a 50-day simple moving average of $6.62 and a 200 day simple moving average of $6.38.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $545.40 million for the quarter, compared to analysts’ expectations of $550.93 million. Unisys had a negative net margin of 9.63% and a negative return on equity of 19.52%. During the same period in the prior year, the firm earned $0.51 earnings per share. As a group, equities research analysts forecast that Unisys will post 0.61 EPS for the current fiscal year.

Institutional Trading of Unisys

Institutional investors have recently modified their holdings of the business. Virtus Fund Advisers LLC acquired a new position in shares of Unisys during the fourth quarter valued at about $35,000. AlphaQuest LLC bought a new position in shares of Unisys during the 4th quarter worth $39,000. Quarry LP lifted its position in shares of Unisys by 985.8% during the fourth quarter. Quarry LP now owns 8,556 shares of the information technology services provider’s stock worth $54,000 after acquiring an additional 7,768 shares in the last quarter. Creative Planning purchased a new position in Unisys during the third quarter valued at approximately $58,000. Finally, Paloma Partners Management Co bought a new stake in shares of Unisys during the 3rd quarter valued at about $60,000. Institutional investors own 86.87% of the company’s stock.

About Unisys

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.