Unisys Corporation (NYSE:UIS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Unisys Corporation (NYSE:UIS) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $5.8750.

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Unisys in a report on Monday, September 22nd. They issued a “hold” rating and a $4.00 target price on the stock. Wall Street Zen lowered Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research report on Wednesday, October 8th. Needham & Company LLC decreased their target price on Unisys from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, William Blair assumed coverage on Unisys in a research note on Wednesday, December 10th. They issued an “outperform” rating on the stock.

Institutional Trading of Unisys

Hedge funds have recently modified their holdings of the stock. Aquatic Capital Management LLC bought a new stake in shares of Unisys during the 3rd quarter worth about $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Unisys by 100,000.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 10,000 shares during the period. PharVision Advisers LLC acquired a new position in shares of Unisys in the third quarter valued at approximately $39,000. Byrne Asset Management LLC bought a new position in shares of Unisys during the second quarter worth approximately $46,000. Finally, Quantbot Technologies LP acquired a new stake in Unisys during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

Unisys Trading Up 3.0%

NYSE UIS opened at $3.23 on Friday. Unisys has a 12 month low of $2.37 and a 12 month high of $7.54. The stock has a 50 day moving average of $2.80 and a 200-day moving average of $3.58. The company has a market cap of $229.96 million, a PE ratio of -0.70, a PEG ratio of 0.33 and a beta of 1.38.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Thursday, June 15th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $446.70 million for the quarter. Unisys had a negative return on equity of 11.31% and a negative net margin of 17.10%. As a group, sell-side analysts predict that Unisys will post 0.61 EPS for the current fiscal year.

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.