Unisys Corporation (NYSE:UIS) Receives $6.33 Average Price Target from Analysts

Unisys Corporation (NYSE:UIS) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $6.3333.

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

Unisys Trading Down 0.2%

Unisys stock opened at $3.84 on Wednesday. Unisys has a 12 month low of $1.97 and a 12 month high of $4.98. The stock’s 50 day moving average is $3.04 and its 200-day moving average is $2.75. The company has a market capitalization of $280.01 million, a price-to-earnings ratio of -0.79, a PEG ratio of 0.35 and a beta of 1.83.

Unisys (NYSE:UIS) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.12. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%.The company had revenue of $437.60 million for the quarter, compared to the consensus estimate of $415.64 million. As a group, equities research analysts predict that Unisys will post 0.74 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Philippe Germond sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 236,453 shares in the company, valued at approximately $981,279.95. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 43,846 shares of company stock valued at $156,102 in the last three months. Insiders own 11.56% of the company’s stock.

Institutional Investors Weigh In On Unisys

Several institutional investors have recently made changes to their positions in UIS. Cetera Investment Advisers bought a new stake in shares of Unisys in the first quarter valued at approximately $26,000. Abel Hall LLC bought a new stake in shares of Unisys in the first quarter valued at approximately $27,000. Quarry LP boosted its stake in shares of Unisys by 445.7% in the fourth quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 8,335 shares during the period. Royal Bank of Canada boosted its stake in shares of Unisys by 487.1% in the first quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 11,642 shares during the period. Finally, Aquatic Capital Management LLC bought a new stake in shares of Unisys in the third quarter valued at approximately $30,000. 86.87% of the stock is currently owned by institutional investors.

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.