Unisys Corporation (NYSE:UIS) Given Average Rating of “Moderate Buy” by Analysts

Unisys Corporation (NYSE:UIS) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $6.3333.

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th. Zacks Research raised Unisys from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Needham & Company LLC boosted their target price on shares of Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th.

Insider Transactions at Unisys

In other Unisys news, Director Philippe Germond sold 20,000 shares of the business’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 sale, the director directly owned 236,453 shares of the company’s stock, valued at approximately $981,279.95. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 43,846 shares of company stock worth $156,102 in the last three months. 11.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Unisys

Several institutional investors and hedge funds have recently modified their holdings of UIS. JPMorgan Chase & Co. raised its position in shares of Unisys by 18.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock worth $7,768,000 after purchasing an additional 272,627 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in 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 valued at $2,012,000 after purchasing an additional 229,233 shares during the last quarter. Cerity Partners LLC grew its position in Unisys by 12.4% during 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 bought a new stake in Unisys during the 2nd quarter valued at about $128,000. Finally, Qube Research & Technologies Ltd increased its stake in Unisys by 13.6% during the 2nd 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 in the last quarter. 86.87% of the stock is currently owned by institutional investors.

Unisys Stock Performance

UIS opened at $3.73 on Friday. The stock has a market capitalization of $272.28 million, a PE ratio of -0.77, a price-to-earnings-growth ratio of 0.34 and a beta of 1.87. The stock’s 50 day moving average price is $3.45 and its 200-day moving average price is $2.84. Unisys has a 52-week low of $1.97 and a 52-week high of $4.98.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.12. The business had revenue of $437.60 million during the quarter, compared to analyst estimates of $415.64 million. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. Research analysts forecast that Unisys will post 0.74 EPS for the current fiscal year.

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.