Unisys Corporation (NYSE:UIS) Receives Consensus Rating of “Hold” from Analysts

Unisys Corporation (NYSE:UIS) has been given a consensus rating of “Hold” by the five brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $5.6667.

A number of research firms recently issued reports on UIS. Needham & Company LLC reissued a “buy” rating and set a $4.00 price target on shares of Unisys in a report on Wednesday, February 25th. Wall Street Zen lowered Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a report on Monday, April 20th.

Hedge Funds Weigh In On Unisys

A number of hedge funds and other institutional investors have recently made changes to their positions in UIS. Cetera Investment Advisers purchased a new position in shares of Unisys during the first quarter worth about $26,000. Abel Hall LLC purchased a new position in shares of Unisys during the first quarter worth about $27,000. Quarry LP grew its holdings in shares of Unisys by 445.7% during the fourth 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 purchased a new position in shares of Unisys during the third quarter worth about $30,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Unisys by 100,000.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Stock Performance

Shares of UIS stock opened at $2.99 on Friday. The stock’s 50-day moving average is $2.44 and its two-hundred day moving average is $2.65. The firm has a market cap of $217.61 million, a price-to-earnings ratio of -0.61, a PEG ratio of 0.29 and a beta of 1.60. Unisys has a 1 year low of $1.97 and a 1 year high of $5.56.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share (EPS) for the quarter, topping 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 analyst estimates of $415.64 million. As a group, research analysts predict that Unisys will post 0.7 EPS for the current year.

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.