Unisys Corporation (NYSE:UIS) Receives $5.67 Average Target Price from Brokerages

Unisys Corporation (NYSE:UIS) has received an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $5.6667.

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of Unisys from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Needham & Company LLC restated a “buy” rating and set a $4.00 target price on shares of Unisys in a research report on Wednesday, February 25th. William Blair started coverage on shares of Unisys in a research note on Wednesday, December 10th. They issued an “outperform” rating for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research note on Wednesday, January 21st.

Unisys Stock Performance

Shares of NYSE:UIS opened at $2.38 on Monday. The business’s fifty day moving average price is $2.64 and its two-hundred day moving average price is $3.13. The stock has a market cap of $172.22 million, a PE ratio of -0.50, a price-to-earnings-growth ratio of 0.26 and a beta of 1.44. Unisys has a one year low of $2.11 and a one year high of $6.06.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Tuesday, February 24th. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.26. The business had revenue of $574.50 million for the quarter, compared to the consensus estimate of $569.76 million. Unisys had a negative return on equity of 26.77% and a negative net margin of 17.42%. As a group, equities research analysts predict that Unisys will post 0.61 earnings per share for the current fiscal year.

Institutional Trading of Unisys

A number of hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC grew its holdings 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 buying an additional 2,728 shares during the period. Intech Investment Management LLC grew its holdings in Unisys by 12.1% in the second quarter. Intech Investment Management LLC now owns 37,129 shares of the information technology services provider’s stock valued at $168,000 after purchasing an additional 4,007 shares during the period. Calton & Associates Inc. grew its holdings in Unisys by 47.5% in the third quarter. Calton & Associates Inc. now owns 14,750 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 4,750 shares during the period. Pinnacle Holdings LLC increased its position in Unisys by 4.3% during the third quarter. Pinnacle Holdings LLC now owns 163,238 shares of the information technology services provider’s stock worth $637,000 after purchasing an additional 6,749 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Unisys by 7.2% during the third quarter. Alliancebernstein L.P. now owns 102,554 shares of the information technology services provider’s stock worth $400,000 after purchasing an additional 6,900 shares during the period. 86.87% of the stock is owned by institutional investors and hedge funds.

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.