Unisys (NYSE:UIS) Releases Earnings Results, Beats Expectations By $0.12 EPS

Unisys (NYSE:UIS) posted its quarterly earnings data on Tuesday. The information technology services provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.12, Zacks reports. The firm had revenue of $437.60 million during the quarter, compared to analysts’ expectations of $415.64 million. Unisys had a negative net margin of 17.42% and a negative return on equity of 26.77%.

Unisys Stock Performance

Shares of UIS stock opened at $2.97 on Wednesday. The firm’s 50 day moving average price is $2.32 and its two-hundred day moving average price is $2.67. Unisys has a 52-week low of $1.97 and a 52-week high of $6.06. The stock has a market cap of $214.60 million, a PE ratio of -0.64, a PEG ratio of 0.30 and a beta of 1.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Saba Capital Management L.P. increased its holdings in Unisys by 65.8% in the fourth quarter. Saba Capital Management L.P. now owns 1,551,487 shares of the information technology services provider’s stock valued at $4,282,000 after purchasing an additional 615,632 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Unisys by 31.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 999,409 shares of the information technology services provider’s stock worth $3,898,000 after buying an additional 237,922 shares during the last quarter. Kovack Advisors Inc. boosted its holdings in Unisys by 30.4% during the fourth quarter. Kovack Advisors Inc. now owns 1,199,250 shares of the information technology services provider’s stock worth $3,334,000 after buying an additional 279,875 shares during the last quarter. Squarepoint Ops LLC grew its position in shares of Unisys by 725.6% during the 2nd quarter. Squarepoint Ops LLC now owns 203,317 shares of the information technology services provider’s stock worth $921,000 after buying an additional 178,691 shares during the period. Finally, XTX Topco Ltd increased its stake in shares of Unisys by 62.4% in the 4th quarter. XTX Topco Ltd now owns 221,497 shares of the information technology services provider’s stock valued at $611,000 after acquiring an additional 85,113 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UIS shares. Needham & Company LLC restated a “buy” rating and set a $4.00 target price on shares of Unisys in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a report on Monday, April 20th. Finally, Wall Street Zen raised Unisys from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.67.

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.