Unisys Corporation (NYSE:UIS) Given Average Recommendation of “Hold” by Analysts

Shares of Unisys Corporation (NYSE:UIS) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $5.8750.

UIS has been the topic of a number of recent research reports. William Blair assumed coverage on Unisys in a research note on Wednesday, December 10th. They set an “outperform” rating on the stock. Wall Street Zen lowered Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Needham & Company LLC reduced their price target on Unisys from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a report on Wednesday, October 8th. Finally, Jefferies Financial Group initiated coverage on shares of Unisys in a research report on Monday, September 22nd. They issued a “hold” rating and a $4.00 price objective for the company.

Institutional Investors Weigh In On Unisys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UIS. Vanguard Group Inc. boosted its position in Unisys by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 7,287,403 shares of the information technology services provider’s stock valued at $33,449,000 after buying an additional 190,939 shares during the last quarter. Needham Investment Management LLC increased its position in shares of Unisys by 4.2% during the first quarter. Needham Investment Management LLC now owns 5,559,800 shares of the information technology services provider’s stock worth $25,519,000 after acquiring an additional 224,800 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Unisys by 7.7% in the second quarter. Acadian Asset Management LLC now owns 1,957,504 shares of the information technology services provider’s stock worth $8,864,000 after acquiring an additional 139,896 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Unisys by 4.6% in the second quarter. Geode Capital Management LLC now owns 1,796,445 shares of the information technology services provider’s stock valued at $8,140,000 after purchasing an additional 78,523 shares during the last quarter. Finally, Palisade Capital Management LP boosted its holdings in Unisys by 17.4% in the second quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider’s stock valued at $7,966,000 after purchasing an additional 260,716 shares during the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Stock Down 0.9%

Unisys stock opened at $2.86 on Wednesday. Unisys has a 52-week low of $2.37 and a 52-week high of $7.54. The firm has a fifty day moving average of $3.11 and a 200-day moving average of $3.78. The firm has a market capitalization of $203.59 million, a P/E ratio of -0.62, a PEG ratio of 0.29 and a beta of 1.46.

Unisys (NYSE:UIS) last posted its earnings results on Thursday, June 15th. The information technology services provider reported ($0.02) earnings per share for the quarter. Unisys had a negative net margin of 17.10% and a negative return on equity of 11.31%. The business had revenue of $446.70 million for the quarter. On average, research analysts expect that Unisys will post 0.61 EPS for the current fiscal year.

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.