Unisys (NYSE:UIS) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Unisys (NYSE:UIS) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a $4.00 target price on the information technology services provider’s stock.

A number of other equities analysts have also weighed in on the stock. William Blair initiated coverage on shares of Unisys in a report on Wednesday, December 10th. They issued an “outperform” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Unisys has a consensus rating of “Hold” and a consensus price target of $5.67.

Unisys Trading Down 0.2%

UIS traded down $0.01 during midday trading on Wednesday, hitting $2.46. The company’s stock had a trading volume of 1,114,203 shares, compared to its average volume of 962,290. Unisys has a 52-week low of $2.11 and a 52-week high of $6.06. The firm has a 50-day moving average price of $2.70 and a two-hundred day moving average price of $3.20. The firm has a market cap of $175.07 million, a P/E ratio of -0.51, a PEG ratio of 0.22 and a beta of 1.44.

Unisys (NYSE:UIS) last released its earnings results on Tuesday, February 24th. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.26. Unisys had a negative net margin of 17.42% and a negative return on equity of 27.30%. The business had revenue of $574.50 million for the quarter, compared to analysts’ expectations of $569.76 million. On average, equities analysts expect that Unisys will post 0.61 EPS for the current year.

Institutional Trading of Unisys

A number of institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its position in Unisys by 50.9% in the fourth quarter. Millennium Management LLC now owns 2,604,604 shares of the information technology services provider’s stock valued at $7,189,000 after purchasing an additional 878,265 shares during the period. Acadian Asset Management LLC grew its stake in shares of Unisys by 7.7% in the second quarter. Acadian Asset Management LLC now owns 1,957,504 shares of the information technology services provider’s stock valued at $8,864,000 after buying an additional 139,896 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Unisys by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,796,445 shares of the information technology services provider’s stock valued at $8,140,000 after buying an additional 78,523 shares during the period. Palisade Capital Management LP lifted its position in Unisys by 17.4% during the 2nd quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider’s stock worth $7,966,000 after acquiring an additional 260,716 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Unisys by 36.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider’s stock worth $4,816,000 after acquiring an additional 468,340 shares during the period. 86.87% of the stock is owned by hedge funds and other institutional investors.

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.