BidaskClub cut shares of Unisys Corporation (NYSE:UIS) from a hold rating to a sell rating in a research note issued to investors on Saturday.

A number of other brokerages have also recently issued reports on UIS. SunTrust Banks, Inc. set a $15.00 target price on shares of Unisys Corporation and gave the stock a buy rating in a research report on Wednesday, August 2nd. ValuEngine cut shares of Unisys Corporation from a strong-buy rating to a buy rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research cut shares of Unisys Corporation from a hold rating to a strong sell rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $13.67.

Unisys Corporation (NYSE UIS) opened at 8.80 on Friday. The company’s market cap is $443.85 million. Unisys Corporation has a 52-week low of $8.50 and a 52-week high of $16.70. The firm has a 50-day moving average of $12.76 and a 200 day moving average of $12.90.

Unisys Corporation (NYSE:UIS) last announced its earnings results on Tuesday, August 1st. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.34. The firm had revenue of $666.20 million for the quarter, compared to analyst estimates of $674.55 million. Unisys Corporation had a negative return on equity of 5.94% and a negative net margin of 3.81%. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 EPS. Equities research analysts expect that Unisys Corporation will post ($1.94) earnings per share for the current fiscal year.

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In other Unisys Corporation news, Director Alison Davis sold 10,639 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $12.35, for a total value of $131,391.65. Following the completion of the sale, the director now owns 44,393 shares in the company, valued at approximately $548,253.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

A number of large investors have recently bought and sold shares of UIS. JPMorgan Chase & Co. boosted its stake in Unisys Corporation by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 4,753,446 shares of the information technology services provider’s stock valued at $66,310,000 after buying an additional 1,279,885 shares during the last quarter. Vanguard Group Inc. boosted its stake in Unisys Corporation by 27.9% in the first quarter. Vanguard Group Inc. now owns 5,657,020 shares of the information technology services provider’s stock valued at $78,915,000 after buying an additional 1,234,289 shares during the last quarter. Kennedy Capital Management Inc. boosted its stake in Unisys Corporation by 302.0% in the first quarter. Kennedy Capital Management Inc. now owns 696,729 shares of the information technology services provider’s stock valued at $9,719,000 after buying an additional 523,430 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Unisys Corporation by 556.7% in the first quarter. Wells Fargo & Company MN now owns 383,972 shares of the information technology services provider’s stock valued at $5,357,000 after buying an additional 325,498 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Unisys Corporation by 112.1% in the first quarter. Bank of America Corp DE now owns 566,798 shares of the information technology services provider’s stock valued at $7,907,000 after buying an additional 299,522 shares during the last quarter.

About Unisys Corporation

Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.

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