Unisys (NYSE:UIS) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a report released on Sunday.

A number of other analysts also recently weighed in on the stock. Maxim Group raised shares of Unisys from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Monday, August 4th. Needham & Company LLC began coverage on shares of Unisys in a report on Wednesday, September 3rd. They issued a “buy” rating and a $6.00 price target for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Unisys has a consensus rating of “Moderate Buy” and a consensus price target of $7.17.

Unisys Trading Down 2.5%

Unisys stock opened at $3.92 on Friday. Unisys has a 1-year low of $3.56 and a 1-year high of $8.93. The firm’s fifty day simple moving average is $4.07 and its 200-day simple moving average is $4.30. The company has a market capitalization of $279.46 million, a P/E ratio of -3.32, a P/E/G ratio of 0.55 and a beta of 1.35.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. The business had revenue of $483.30 million for the quarter, compared to the consensus estimate of $444.65 million. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%.During the same period last year, the business earned $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Unisys will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Unisys

Hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Unisys during the 1st quarter worth about $67,000. Vanguard Group Inc. increased its position in shares of Unisys by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 7,287,403 shares of the information technology services provider’s stock worth $33,449,000 after purchasing an additional 190,939 shares in the last quarter. Millennium Management LLC increased its position in shares of Unisys by 9.4% during the 4th quarter. Millennium Management LLC now owns 716,541 shares of the information technology services provider’s stock worth $4,536,000 after purchasing an additional 61,766 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Unisys by 62.7% during the 1st quarter. Mackenzie Financial Corp now owns 171,885 shares of the information technology services provider’s stock worth $789,000 after purchasing an additional 66,257 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Unisys by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,259,543 shares of the information technology services provider’s stock worth $7,974,000 after purchasing an additional 88,506 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

About Unisys

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.