Unisys Corp. (NYSE:UIS) rose 2.9% on Thursday . The stock traded as high as $7.12 and last traded at $7.09, with a volume of 724,585 shares traded. The stock had previously closed at $6.89.

UIS has been the subject of several research analyst reports. Zacks Investment Research cut Unisys Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 30th. Susquehanna dropped their price objective on Unisys Corp. from $19.00 to $12.00 in a report on Monday, March 14th. Sidoti initiated coverage on Unisys Corp. in a report on Tuesday, March 29th. They issued a “buy” rating and a $13.00 price objective for the company. Finally, SunTrust Banks Inc. initiated coverage on Unisys Corp. in a report on Tuesday, June 21st. They issued a “buy” rating and a $11.00 price objective for the company.

The stock’s market capitalization is $354.40 million. The company’s 50-day moving average price is $7.71 and its 200-day moving average price is $8.66.

Unisys Corp. (NYSE:UIS) last issued its earnings results on Thursday, April 21st. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.78) by $0.02. During the same quarter last year, the business earned ($0.32) earnings per share. The firm earned $666.80 million during the quarter, compared to analysts’ expectations of $655.37 million. The company’s revenue was down 7.5% on a year-over-year basis. On average, equities analysts expect that Unisys Corp. will post ($0.74) earnings per share for the current year.

Other large investors recently modified their holdings of the company. Royce & Associates LLC boosted its stake in shares of Unisys Corp. by 30.7% in the fourth quarter. Royce & Associates LLC now owns 1,901,320 shares of the company’s stock valued at $21,010,000 after buying an additional 447,146 shares during the last quarter. Numeric Investors LLC boosted its stake in shares of Unisys Corp. by 228.2% in the fourth quarter. Numeric Investors LLC now owns 265,500 shares of the company’s stock valued at $2,934,000 after buying an additional 184,600 shares during the last quarter. Glacier Peak Capital LLC boosted its stake in shares of Unisys Corp. by 25.2% in the fourth quarter. Glacier Peak Capital LLC now owns 735,040 shares of the company’s stock valued at $8,122,000 after buying an additional 148,126 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Unisys Corp. by 291.6% in the fourth quarter. New York State Common Retirement Fund now owns 185,639 shares of the company’s stock valued at $2,051,000 after buying an additional 138,239 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in shares of Unisys Corp. during the fourth quarter valued at $1,071,000.

Unisys Corporation is an information technology (IT) company. The Company operates through two segments. Its Services segment includes cloud and infrastructure services, application services and business process outsourcing services. In cloud and infrastructure services, it helps clients apply cloud and as-a-service delivery models to manage and secure their IT infrastructure and operations.

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