Unisys Corporation (NYSE:UIS) Given Average Rating of “Hold” by Brokerages

Unisys Corporation (NYSE:UIS) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $4.50.

Several equities research analysts recently issued reports on UIS shares. Zacks Research lowered shares of Unisys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Needham & Company LLC cut their target price on shares of Unisys from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research note on Friday, July 17th.

Insider Buying and Selling at Unisys

In related news, CAO David Brown sold 10,553 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $2.54, for a total transaction of $26,804.62. Following the sale, the chief accounting officer owned 103,558 shares in the company, valued at $263,037.32. The trade was a 9.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Unisys

Institutional investors and hedge funds have recently bought and sold shares of the company. Pinnacle Holdings LLC bought a new stake in shares of Unisys during the second quarter worth about $892,000. Saba Capital Management L.P. increased its stake in shares of Unisys by 15.5% in the first quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock valued at $3,709,000 after buying an additional 240,476 shares during the period. Headlands Technologies LLC bought a new position in Unisys in the 2nd quarter valued at approximately $145,000. Royal Bank of Canada raised its holdings in Unisys by 487.1% in the 1st quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 11,642 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Unisys by 43.0% in the 1st quarter. Lazard Asset Management LLC now owns 200,155 shares of the information technology services provider’s stock valued at $414,000 after buying an additional 60,170 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

Unisys Stock Up 1.0%

Unisys stock opened at $2.48 on Friday. Unisys has a 12-month low of $1.97 and a 12-month high of $4.98. The business’s 50-day moving average price is $2.96 and its two-hundred day moving average price is $2.96. The stock has a market cap of $180.48 million, a PE ratio of -0.42, a P/E/G ratio of 0.28 and a beta of 1.88.

Unisys (NYSE:UIS) last issued its earnings results on Wednesday, July 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $473.50 million for the quarter, compared to analyst estimates of $448.92 million. Unisys had a negative return on equity of 14.09% and a negative net margin of 21.65%. As a group, analysts expect that Unisys will post 0.57 earnings per share for the current year.

Unisys Company Profile

Unisys Corporation (NYSE:UIS) is a global information technology services and solutions company that helps organizations modernize their technology environments, improve operational efficiency and manage complex business processes. The company serves commercial businesses, government agencies and other large organizations.

Its offerings include cloud and infrastructure services, digital workplace solutions, application modernization, cybersecurity, data analytics and enterprise computing.