Unisys Corporation (NYSE:UIS) Given Consensus Rating of “Hold” by Brokerages

Unisys Corporation (NYSE:UIS) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $5.8750.

A number of brokerages have recently weighed in on UIS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research report on Wednesday, January 21st. Needham & Company LLC dropped their target price on Unisys from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. William Blair assumed coverage on Unisys in a research note on Wednesday, December 10th. They issued an “outperform” rating on the stock. Finally, Wall Street Zen lowered shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th.

Institutional Investors Weigh In On Unisys

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its holdings in Unisys by 70.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 24,708 shares of the information technology services provider’s stock worth $112,000 after buying an additional 10,185 shares in the last quarter. CWM LLC grew its stake in shares of Unisys by 68.1% in the second quarter. CWM LLC now owns 49,560 shares of the information technology services provider’s stock worth $225,000 after purchasing an additional 20,083 shares in the last quarter. Kovack Advisors Inc. grew its stake in shares of Unisys by 2.7% in the second quarter. Kovack Advisors Inc. now owns 819,075 shares of the information technology services provider’s stock worth $3,710,000 after purchasing an additional 21,675 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Unisys during the second quarter valued at $53,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Unisys during the second quarter valued at about $438,000. Institutional investors own 86.87% of the company’s stock.

Unisys Stock Performance

NYSE UIS opened at $2.43 on Thursday. Unisys has a one year low of $2.37 and a one year high of $7.54. The company has a 50-day simple moving average of $2.87 and a 200-day simple moving average of $3.40. The firm has a market capitalization of $173.27 million, a PE ratio of -0.53, a price-to-earnings-growth ratio of 0.27 and a beta of 1.44.

Unisys (NYSE:UIS) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.05. Unisys had a negative net margin of 17.10% and a negative return on equity of 11.31%. The firm had revenue of $460.20 million for the quarter, compared to analysts’ expectations of $491.90 million. Equities analysts forecast that Unisys will post 0.61 earnings per share for the current year.

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.