Unisys (NYSE:UIS) Trading 2.7% Higher

Unisys Co. (NYSE:UIS)’s share price was up 2.7% during trading on Wednesday . The company traded as high as $8.28 and last traded at $8.49, approximately 33,347 shares traded hands during trading. A decline of 97% from the average daily volume of 1,299,634 shares. The stock had previously closed at $8.27.

Several research analysts have issued reports on the company. ValuEngine raised Unisys from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Sidoti initiated coverage on Unisys in a research note on Thursday, May 23rd. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $14.67.

The company has a market capitalization of $424.86 million, a P/E ratio of 3.16 and a beta of 1.48. The firm’s 50-day moving average is $8.73 and its 200-day moving average is $10.37.

Unisys (NYSE:UIS) last released its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.68. The business had revenue of $753.80 million for the quarter, compared to the consensus estimate of $689.55 million. Unisys had a net margin of 1.31% and a negative return on equity of 13.35%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share.

Several large investors have recently bought and sold shares of UIS. Cutler Group LP raised its stake in Unisys by 839.9% during the 1st quarter. Cutler Group LP now owns 2,284 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 2,041 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Unisys in the first quarter worth $123,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Unisys in the second quarter worth $124,000. NumerixS Investment Technologies Inc raised its position in shares of Unisys by 225.6% during the 1st quarter. NumerixS Investment Technologies Inc now owns 14,000 shares of the information technology services provider’s stock valued at $162,000 after purchasing an additional 9,700 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of Unisys by 56.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 15,614 shares of the information technology services provider’s stock valued at $182,000 after purchasing an additional 5,608 shares during the period.

About Unisys (NYSE:UIS)

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

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