Unisys (NYSE:UIS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Unisys (NYSE:UIS) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other research analysts have also issued reports on UIS. Needham & Company LLC reaffirmed a “buy” rating and set a $4.00 target price on shares of Unisys in a report on Wednesday, February 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st. Finally, William Blair assumed coverage on shares of Unisys in a research note on Wednesday, December 10th. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Unisys has an average rating of “Hold” and a consensus target price of $5.67.

Unisys Price Performance

Shares of NYSE:UIS opened at $2.35 on Friday. The stock has a market cap of $167.22 million, a price-to-earnings ratio of -0.49, a PEG ratio of 0.27 and a beta of 1.44. Unisys has a 12 month low of $2.11 and a 12 month high of $6.06. The stock’s 50 day moving average price is $2.68 and its 200 day moving average price is $3.17.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.26. Unisys had a negative return on equity of 26.77% and a negative net margin of 17.42%.The company had revenue of $574.50 million for the quarter, compared to analysts’ expectations of $569.76 million. On average, sell-side analysts expect that Unisys will post 0.61 EPS for the current year.

Institutional Trading of Unisys

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP lifted its stake in Unisys by 445.7% during the fourth quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 8,335 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Unisys in the third quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Unisys by 100,000.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 10,000 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Unisys during the third quarter valued at approximately $39,000. Finally, AXQ Capital LP purchased a new stake in shares of Unisys in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

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.