Unisys Corporation (NYSE:UIS) Receives Consensus Rating of “Hold” from Analysts

Unisys Corporation (NYSE:UIS) has been given a consensus rating of “Hold” by the six analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.8750.

A number of research firms have commented on UIS. William Blair assumed coverage on Unisys in a research report on Wednesday, December 10th. They set an “outperform” rating on the stock. Jefferies Financial Group began coverage on shares of Unisys in a research report on Monday, September 22nd. They issued a “hold” rating and a $4.00 price objective on the stock. Needham & Company LLC lowered their price objective on shares of Unisys from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research report on Wednesday, October 8th.

Hedge Funds Weigh In On Unisys

Several hedge funds have recently bought and sold shares of the stock. Aquatic Capital Management LLC acquired a new position in shares of Unisys in the third quarter worth $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Unisys by 100,000.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 10,000 shares during the last quarter. PharVision Advisers LLC purchased a new stake in shares of Unisys during the third quarter worth about $39,000. Byrne Asset Management LLC acquired a new position in shares of Unisys in the second quarter valued at approximately $46,000. Finally, Quantbot Technologies LP purchased a new position in shares of Unisys during the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Trading Up 2.6%

UIS stock opened at $3.36 on Friday. The company’s 50-day moving average price is $2.81 and its 200 day moving average price is $3.55. Unisys has a 52 week low of $2.37 and a 52 week high of $7.54. The company has a market cap of $239.25 million, a P/E ratio of -0.73, a P/E/G ratio of 0.34 and a beta of 1.38.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05. The company had revenue of $460.20 million during the quarter, compared to the consensus estimate of $491.90 million. Unisys had a negative net margin of 17.10% and a negative return on equity of 11.31%. On average, equities research analysts expect that Unisys will post 0.61 earnings per share for the current year.

Unisys Company Profile

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.