Unisys Corporation (NYSE:UIS) Given Average Rating of “Hold” by Brokerages

Unisys Corporation (NYSE:UIS) has received a consensus rating of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $5.6667.

UIS has been the topic of several research reports. William Blair started coverage on Unisys in a research note on Wednesday, December 10th. They set an “outperform” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Unisys in a research note on Wednesday, February 25th. Wall Street Zen upgraded shares of Unisys from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st.

Unisys Stock Up 2.2%

Shares of NYSE:UIS opened at $2.07 on Friday. Unisys has a 52-week low of $2.00 and a 52-week high of $6.06. The stock has a market cap of $149.35 million, a P/E ratio of -0.43, a price-to-earnings-growth ratio of 0.22 and a beta of 1.44. The business’s 50 day moving average is $2.37 and its 200 day moving average is $2.92.

Unisys (NYSE:UIS) last issued its earnings results on Tuesday, February 24th. The information technology services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. Unisys had a negative return on equity of 26.77% and a negative net margin of 17.42%.The business had revenue of $574.50 million during the quarter, compared to analyst estimates of $569.76 million. On average, sell-side analysts anticipate that Unisys will post 0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Unisys

A number of large investors have recently made changes to their positions in the business. Quarry LP grew its stake in Unisys by 445.7% during the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock worth $28,000 after buying an additional 8,335 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in Unisys in the 3rd quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. raised its position in Unisys by 100,000.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock worth $39,000 after buying an additional 10,000 shares during the last quarter. PharVision Advisers LLC acquired a new stake in Unisys during the 3rd quarter valued at approximately $39,000. Finally, AXQ Capital LP acquired a new stake in Unisys during the 4th quarter valued at approximately $40,000. 86.87% of the stock is owned by institutional investors and hedge funds.

Unisys Company Profile

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.