Unisys (NYSE:UIS) Rating Lowered to “Hold” at Zacks Research

Unisys (NYSE:UIS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on UIS. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research report on Friday, July 17th. Needham & Company LLC increased their price objective on Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen cut Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.33.

Unisys Trading Up 1.5%

UIS opened at $3.41 on Monday. The stock has a market capitalization of $248.61 million, a PE ratio of -0.70, a PEG ratio of 0.30 and a beta of 1.87. Unisys has a 1-year low of $1.97 and a 1-year high of $4.98. The firm has a 50-day moving average price of $3.70 and a two-hundred day moving average price of $2.94.

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

Insider Activity at Unisys

In other news, Director Philippe Germond sold 20,000 shares of Unisys stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $4.15, for a total transaction of $83,000.00. Following the completion of the sale, the director owned 236,453 shares in the company, valued at $981,279.95. The trade was a 7.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 43,846 shares of company stock worth $156,102. 11.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Unisys

Institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers acquired a new stake in shares of Unisys in the 1st quarter valued at approximately $26,000. Abel Hall LLC bought a new position in shares of Unisys during the first quarter worth $27,000. Quarry LP increased its position in shares of Unisys by 445.7% in the 4th 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 in the last quarter. Royal Bank of Canada raised its stake in Unisys by 487.1% during the 1st quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock worth $29,000 after buying an additional 11,642 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in Unisys during the third quarter worth about $30,000. 86.87% of the stock is owned by institutional investors and hedge funds.

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.