Canaccord Genuity Group Lowers Unisys (NYSE:UIS) Price Target to $6.50

Unisys (NYSE:UIS) had its target price reduced by stock analysts at Canaccord Genuity Group from $7.00 to $6.50 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the information technology services provider’s stock. Canaccord Genuity Group’s target price points to a potential upside of 31.05% from the stock’s current price.

Separately, StockNews.com upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th.

Unisys Trading Down 16.5 %

Shares of UIS stock traded down $0.98 during trading hours on Thursday, hitting $4.96. 745,357 shares of the company were exchanged, compared to its average volume of 411,230. The stock has a market capitalization of $344.03 million, a price-to-earnings ratio of -1.74, a P/E/G ratio of 0.73 and a beta of 0.78. The firm has a fifty day simple moving average of $6.65 and a 200 day simple moving average of $6.39. Unisys has a 52-week low of $3.32 and a 52-week high of $8.93.

Unisys (NYSE:UIS) last released its earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Unisys had a negative return on equity of 19.52% and a negative net margin of 9.63%. The business had revenue of $545.40 million during the quarter, compared to the consensus estimate of $550.93 million. During the same period last year, the business posted $0.51 earnings per share. Sell-side analysts anticipate that Unisys will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Unisys

Institutional investors have recently made changes to their positions in the stock. PharVision Advisers LLC bought a new stake in shares of Unisys during the 4th quarter valued at $203,000. Virtus Fund Advisers LLC purchased a new position in Unisys during the 4th quarter valued at about $35,000. Virtus Investment Advisers Inc. bought a new stake in shares of Unisys during the fourth quarter valued at about $364,000. Two Sigma Investments LP increased its position in shares of Unisys by 23.0% during the fourth quarter. Two Sigma Investments LP now owns 632,324 shares of the information technology services provider’s stock valued at $4,003,000 after buying an additional 118,255 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Unisys in the fourth quarter worth about $91,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Company Profile

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.