Loop Capital Boosts Unisys (UIS) Price Target to $13.00

Unisys (NYSE:UIS) had its price target lifted by Loop Capital to $13.00 in a research report report published on Monday. The brokerage currently has a hold rating on the information technology services provider’s stock.

UIS has been the topic of several other reports. Sidoti started coverage on Unisys in a research report on Tuesday, April 17th. They set a buy rating on the stock. Zacks Investment Research downgraded Unisys from a strong-buy rating to a hold rating in a research note on Friday, April 13th. Finally, ValuEngine downgraded Unisys from a buy rating to a hold rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $13.33.

Shares of Unisys opened at $12.85 on Monday, MarketBeat reports. Unisys has a 1 year low of $6.90 and a 1 year high of $13.90. The stock has a market cap of $685.47 million, a P/E ratio of 5.31 and a beta of 1.36. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of -0.50.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, May 1st. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). Unisys had a net margin of 0.31% and a negative return on equity of 10.83%. The business had revenue of $708.40 million for the quarter, compared to analyst estimates of $654.48 million. During the same period in the prior year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. research analysts expect that Unisys will post 1.65 EPS for the current fiscal year.

In other Unisys news, insider Sadany Tarek El sold 7,300 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $12.06, for a total transaction of $88,038.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey Renzi sold 8,000 shares of the business’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $11.96, for a total value of $95,680.00. Following the sale, the senior vice president now owns 52,304 shares in the company, valued at approximately $625,555.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,375 shares of company stock worth $184,626. Company insiders own 2.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of UIS. WealthTrust Axiom LLC boosted its stake in shares of Unisys by 27.0% in the first quarter. WealthTrust Axiom LLC now owns 55,680 shares of the information technology services provider’s stock worth $598,000 after buying an additional 11,850 shares during the last quarter. Gargoyle Investment Advisor L.L.C. purchased a new stake in shares of Unisys in the first quarter worth about $132,000. Cowen Inc. purchased a new stake in shares of Unisys in the first quarter worth about $161,000. Wedge Capital Management L L P NC boosted its stake in shares of Unisys by 21.7% in the first quarter. Wedge Capital Management L L P NC now owns 90,576 shares of the information technology services provider’s stock worth $974,000 after buying an additional 16,176 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its stake in shares of Unisys by 40.1% in the first quarter. Engineers Gate Manager LP now owns 57,184 shares of the information technology services provider’s stock worth $615,000 after buying an additional 16,363 shares during the last quarter.

About Unisys

Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.

Analyst Recommendations for Unisys (NYSE:UIS)

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