Unisys (NYSE:UIS) Rating Lowered to “Hold” at Wall Street Zen

Unisys (NYSE:UIS) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research note on Monday, April 20th. 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. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.67.

Unisys Stock Down 0.3%

UIS opened at $3.17 on Friday. The firm has a market cap of $231.02 million, a price-to-earnings ratio of -0.65, a price-to-earnings-growth ratio of 0.30 and a beta of 1.60. Unisys has a 52 week low of $1.97 and a 52 week high of $6.06. The business’s 50 day moving average is $2.36 and its two-hundred day moving average is $2.67.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.12. The firm had revenue of $437.60 million during the quarter, compared to the consensus estimate of $415.64 million. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%. Equities analysts expect that Unisys will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Unisys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Abel Hall LLC acquired a new position in Unisys during the 1st quarter worth approximately $27,000. Diversified Trust Co increased its position in Unisys by 38.8% during the 1st quarter. Diversified Trust Co now owns 29,583 shares of the information technology services provider’s stock worth $61,000 after purchasing an additional 8,270 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Unisys during the 4th quarter worth approximately $68,000. XTX Topco Ltd increased its position in Unisys by 62.4% during the 4th quarter. XTX Topco Ltd now owns 221,497 shares of the information technology services provider’s stock worth $611,000 after purchasing an additional 85,113 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Unisys during the 4th quarter worth approximately $387,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

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.