Unisys Corporation (UIS) Downgraded by BidaskClub
Unisys Corporation (NYSE:UIS) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.
Several other research firms have also recently weighed in on UIS. ValuEngine cut shares of Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. SunTrust Banks, Inc. set a $15.00 target price on shares of Unisys Corporation and gave the company a “buy” rating in a research note 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 note on Friday, August 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.67.
Unisys Corporation (UIS) traded up 0.937% during midday trading on Friday, reaching $8.075. The company’s stock had a trading volume of 197,985 shares. The stock’s 50-day moving average price is $12.03 and its 200-day moving average price is $12.68. Unisys Corporation has a 12 month low of $7.95 and a 12 month high of $16.70. The firm’s market capitalization is $407.54 million.
Unisys Corporation (NYSE:UIS) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.34. The business had revenue of $666.20 million during the quarter, compared to analyst estimates of $674.55 million. Unisys Corporation had a negative net margin of 3.81% and a negative return on equity of 5.94%. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 earnings per share. Analysts predict that Unisys Corporation will post ($1.94) EPS for the current 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 transaction of $131,391.65. Following the completion of the transaction, the director now owns 44,393 shares in the company, valued at $548,253.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in UIS. FMR LLC boosted its position in shares of Unisys Corporation by 0.6% in the first quarter. FMR LLC now owns 7,559,565 shares of the information technology services provider’s stock worth $105,456,000 after buying an additional 47,067 shares in the last quarter. Fairpointe Capital LLC boosted its position in shares of Unisys Corporation by 0.7% in the first quarter. Fairpointe Capital LLC now owns 5,793,145 shares of the information technology services provider’s stock worth $80,814,000 after buying an additional 40,188 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of 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 worth $78,915,000 after buying an additional 1,234,289 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Unisys Corporation by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 4,881,766 shares of the information technology services provider’s stock worth $62,488,000 after buying an additional 128,320 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of Unisys Corporation by 8.5% in the first quarter. Royce & Associates LP now owns 2,887,101 shares of the information technology services provider’s stock worth $40,275,000 after buying an additional 227,000 shares in 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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