Unisys Corporation (NYSE:UIS) Given Consensus Rating of “Hold” by Brokerages

Shares of Unisys Corporation (NYSE:UIS) have been assigned a consensus rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $4.50.

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research note on Friday, July 17th. Needham & Company LLC lowered their target price on shares of Unisys from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Zacks Research lowered shares of Unisys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Wall Street Zen downgraded Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th.

Unisys Trading Up 4.3%

UIS stock opened at $2.99 on Thursday. The company has a market capitalization of $218.20 million, a price-to-earnings ratio of -0.51, a price-to-earnings-growth ratio of 0.26 and a beta of 1.87. Unisys has a 52 week low of $1.97 and a 52 week high of $4.98. The firm’s 50-day moving average is $3.72 and its two-hundred day moving average is $2.94.

Unisys (NYSE:UIS) last released its quarterly earnings results on Wednesday, July 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $473.50 million for the quarter, compared to the consensus estimate of $448.92 million. Unisys had a negative return on equity of 14.09% and a negative net margin of 21.65%. On average, equities research analysts predict that Unisys will post 0.74 earnings per share for the current year.

Insider Activity

In other Unisys news, Director Philippe Germond sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $4.15, for a total transaction of $83,000.00. Following the transaction, the director owned 236,453 shares of the company’s stock, valued at $981,279.95. The trade was a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 43,846 shares of company stock valued at $156,102 over the last 90 days. 11.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Unisys

Several hedge funds have recently bought and sold shares of UIS. Aquatic Capital Management LLC acquired a new stake in shares of Unisys in the 3rd quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 acquiring an additional 10,000 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of Unisys during the 3rd quarter valued at $39,000. Quarry LP boosted its holdings in shares of Unisys by 445.7% during the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 8,335 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in Unisys in the 1st quarter worth about $26,000. 86.87% of the stock is owned by institutional investors.

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.