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

Shares of Unisys Corporation (NYSE:UIS) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $5.6667.

A number of research firms have recently issued reports on UIS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $4.00 price objective on shares of Unisys in a research note on Wednesday, February 25th. Finally, William Blair began coverage on shares of Unisys in a report on Wednesday, December 10th. They issued an “outperform” rating for the company.

Institutional Investors Weigh In On Unisys

A number of large investors have recently made changes to their positions in the stock. Quarry LP increased its holdings in shares of Unisys by 445.7% in the fourth quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 8,335 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in Unisys during the third quarter worth $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in Unisys by 100,000.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 10,000 shares in the last quarter. PharVision Advisers LLC purchased a new stake in Unisys in the 3rd quarter valued at $39,000. Finally, AXQ Capital LP acquired a new stake in shares of Unisys in the 4th quarter worth $40,000. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Unisys Price Performance

Shares of NYSE:UIS opened at $2.10 on Friday. Unisys has a 1 year low of $2.07 and a 1 year high of $6.06. The firm has a market capitalization of $151.60 million, a PE ratio of -0.44, a P/E/G ratio of 0.23 and a beta of 1.44. The business’s 50 day moving average price is $2.44 and its 200-day moving average price is $2.98.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Tuesday, February 24th. The information technology services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.60 by $0.26. The firm had revenue of $574.50 million during 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, analysts expect that Unisys will post 0.61 earnings per share for the current year.

About Unisys

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.