Unisys (NYSE:UIS) Upgraded at Zacks Research

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

Other research analysts have also recently issued reports about the stock. Needham & Company LLC lifted their price target on shares of Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Unisys has an average rating of “Moderate Buy” and an average price target of $6.33.

Unisys Stock Performance

Shares of NYSE:UIS opened at $3.84 on Monday. The firm has a market capitalization of $279.72 million, a P/E ratio of -0.79, a P/E/G ratio of 0.36 and a beta of 1.84. The stock has a 50 day moving average price of $2.93 and a 200-day moving average price of $2.72. Unisys has a 52-week low of $1.97 and a 52-week high of $5.07.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share 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 analysts’ expectations of $415.64 million. On average, equities analysts forecast that Unisys will post 0.74 EPS for the current fiscal year.

Insider Transactions at Unisys

In related news, Director Philippe Germond sold 20,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $4.15, for a total transaction of $83,000.00. Following the sale, the director directly owned 236,453 shares of the company’s stock, valued at approximately $981,279.95. This represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 43,846 shares of company stock valued at $156,102. Insiders own 11.56% of the company’s stock.

Hedge Funds Weigh In On Unisys

A number of hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in shares of Unisys by 50.9% during the 4th quarter. Millennium Management LLC now owns 2,604,604 shares of the information technology services provider’s stock valued at $7,189,000 after acquiring an additional 878,265 shares during the last quarter. Saba Capital Management L.P. grew its holdings in shares of Unisys by 15.5% in the first quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock worth $3,709,000 after acquiring an additional 240,476 shares during the period. Palisade Capital Management LP increased its position in Unisys by 17.4% during the second quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider’s stock valued at $7,966,000 after acquiring an additional 260,716 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Unisys by 36.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider’s stock valued at $4,816,000 after acquiring an additional 468,340 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Unisys by 18.9% in the second quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock worth $7,768,000 after purchasing an additional 272,627 shares during the last quarter. 86.87% of the stock is currently owned by hedge funds and other 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.