Unisys (NYSE:UIS) Upgraded by Zacks Research to “Strong-Buy” Rating

Unisys (NYSE:UIS) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on UIS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Needham & Company LLC upped their price target on shares of Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.33.

Unisys Price Performance

Shares of UIS stock opened at $3.84 on Monday. The company has a market cap of $279.72 million, a price-to-earnings ratio of -0.79, a PEG ratio of 0.36 and a beta of 1.84. Unisys has a 1 year low of $1.97 and a 1 year high of $5.07. The firm has a fifty day moving average price of $2.93 and a 200-day moving average price of $2.72.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.12. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%.The company had revenue of $437.60 million for the quarter, compared to analysts’ expectations of $415.64 million. Equities research analysts expect that Unisys will post 0.74 EPS for the current year.

Insider Activity

In related news, Director Philippe Germond sold 20,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $4.15, for a total transaction of $83,000.00. Following the completion of the sale, the director owned 236,453 shares in the company, valued at approximately $981,279.95. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 43,846 shares of company stock worth $156,102 in the last three months. Company insiders own 11.56% of the company’s stock.

Institutional Investors Weigh In On Unisys

A number of institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its position in shares of Unisys by 12.4% during the second quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock valued at $112,000 after buying an additional 2,728 shares during the last quarter. Calton & Associates Inc. boosted its position in shares of Unisys by 47.5% during the third quarter. Calton & Associates Inc. now owns 14,750 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 4,750 shares during the last quarter. Pinnacle Holdings LLC grew its stake in Unisys by 4.3% during the third quarter. Pinnacle Holdings LLC now owns 163,238 shares of the information technology services provider’s stock valued at $637,000 after acquiring an additional 6,749 shares in the last quarter. Alliancebernstein L.P. grew its stake in Unisys by 7.2% during the third quarter. Alliancebernstein L.P. now owns 102,554 shares of the information technology services provider’s stock valued at $400,000 after acquiring an additional 6,900 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in Unisys in the 3rd quarter valued at $30,000. 86.87% of the stock is owned by hedge funds and other institutional investors.

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.