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

Unisys Corporation (NYSE:UIS) has been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.50.

UIS has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research note on Friday, July 17th. Zacks Research downgraded shares of Unisys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Needham & Company LLC cut their price objective 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. Finally, Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th.

Unisys Stock Down 0.4%

Shares of UIS opened at $2.73 on Monday. The stock’s fifty day simple moving average is $3.37 and its 200-day simple moving average is $2.93. The firm has a market capitalization of $199.07 million, a PE ratio of -0.46, a price-to-earnings-growth ratio of 0.32 and a beta of 1.90. Unisys has a 12-month low of $1.97 and a 12-month high of $4.98.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Wednesday, July 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The firm had revenue of $473.50 million during the quarter, compared to analyst estimates of $448.92 million. Unisys had a negative return on equity of 14.09% and a negative net margin of 21.65%. Analysts anticipate that Unisys will post 0.57 EPS for the current year.

Insider Activity at Unisys

In related news, Director Philippe Germond sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $4.15, for a total value of $83,000.00. Following the completion of the sale, the director owned 236,453 shares in the company, valued at approximately $981,279.95. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 11.56% of the stock is currently owned by company insiders.

Institutional Trading of Unisys

Hedge funds have recently modified their holdings of the company. IES Holdings Inc. bought a new position in Unisys during the 4th quarter worth approximately $3,235,000. Millennium Management LLC increased its stake in Unisys by 170.6% in the third quarter. Millennium Management LLC now owns 1,726,339 shares of the information technology services provider’s stock valued at $6,733,000 after purchasing an additional 1,088,380 shares in the last quarter. Saba Capital Management L.P. increased its stake 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 in the last quarter. Charles Schwab Investment Management Inc. raised 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 worth $4,816,000 after purchasing an additional 468,340 shares during the period. Finally, Federated Hermes Inc. raised its holdings in Unisys by 29.1% in the fourth quarter. Federated Hermes Inc. now owns 1,494,555 shares of the information technology services provider’s stock worth $4,125,000 after purchasing an additional 336,711 shares during the period. 86.87% of the stock is currently owned by institutional investors and hedge funds.

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.