Unisys (NYSE:UIS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Unisys (NYSE:UIS) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

Unisys Stock Performance

Shares of NYSE UIS opened at $7.49 on Tuesday. The firm has a fifty day moving average of $6.34 and a 200 day moving average of $5.25. The firm has a market cap of $519.51 million, a PE ratio of -1.32, a PEG ratio of 1.75 and a beta of 0.73. Unisys has a one year low of $3.32 and a one year high of $8.49.

Unisys (NYSE:UIS) last released its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.21). Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The company had revenue of $497.00 million for the quarter, compared to analyst estimates of $486.50 million. During the same quarter last year, the company earned ($0.33) EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts predict that Unisys will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Unisys during the third quarter worth $36,000. Point72 DIFC Ltd purchased a new stake in Unisys during the 2nd quarter valued at about $30,000. Cubist Systematic Strategies LLC purchased a new stake in Unisys during the 2nd quarter valued at about $41,000. Creative Planning acquired a new stake in Unisys in the 3rd quarter valued at about $58,000. Finally, Paloma Partners Management Co purchased a new position in Unisys in the 3rd quarter worth approximately $60,000. 86.87% of the stock is owned by institutional investors and hedge funds.

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.