Unisys (NYSE:UIS) Announces Quarterly Earnings Results

Unisys (NYSE:UIS) announced its earnings results on Tuesday. The information technology services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.60 by $0.26, FiscalAI reports. Unisys had a negative return on equity of 11.31% and a negative net margin of 17.10%.The firm had revenue of $574.50 million for the quarter, compared to the consensus estimate of $569.76 million.

Unisys Stock Performance

Shares of NYSE UIS traded up $0.01 during midday trading on Tuesday, hitting $2.14. 1,359,640 shares of the stock traded hands, compared to its average volume of 843,735. Unisys has a one year low of $2.11 and a one year high of $6.06. The business has a 50 day moving average price of $2.72 and a two-hundred day moving average price of $3.22. The company has a market cap of $152.25 million, a PE ratio of -0.46, a P/E/G ratio of 0.23 and a beta of 1.44.

Institutional Trading of Unisys

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of Unisys by 18.9% in the second quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock valued at $7,768,000 after buying an additional 272,627 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Unisys by 106.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 444,084 shares of the information technology services provider’s stock worth $2,012,000 after acquiring an additional 229,233 shares during the last quarter. Cerity Partners LLC lifted its position in Unisys by 12.4% in the 2nd quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock valued at $112,000 after acquiring an additional 2,728 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Unisys during the 2nd quarter valued at about $128,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of Unisys by 13.6% in the second quarter. Qube Research & Technologies Ltd now owns 533,004 shares of the information technology services provider’s stock worth $2,415,000 after purchasing an additional 64,002 shares during the last quarter. Institutional investors own 86.87% of the company’s stock.

Analyst Ratings Changes

UIS has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st. William Blair initiated coverage on shares of Unisys in a research report on Wednesday, December 10th. They set an “outperform” rating for the company. Finally, Needham & Company LLC lowered their target price on shares of Unisys from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.67.

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.