Unisys Corporation (NYSE:UIS) Given Average Recommendation of “Hold” by Brokerages

Shares of Unisys Corporation (NYSE:UIS) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $4.50.

UIS has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research report on Friday, July 17th. Zacks Research cut Unisys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Needham & Company LLC cut their price objective on Unisys from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th.

Insider Activity at Unisys

In related news, Director Philippe Germond sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $4.15, for a total value 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 represents a 7.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.56% of the company’s stock.

Institutional Trading of Unisys

A number of hedge funds have recently modified their holdings of UIS. JPMorgan Chase & Co. boosted its position in shares of Unisys by 18.9% in the second quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock worth $7,768,000 after buying an additional 272,627 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Unisys by 106.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 444,084 shares of the information technology services provider’s stock valued at $2,012,000 after buying an additional 229,233 shares during the period. Cerity Partners LLC lifted its stake in Unisys by 12.4% in the 2nd quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock worth $112,000 after acquiring an additional 2,728 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Unisys in the 2nd quarter worth about $128,000. Finally, Qube Research & Technologies Ltd boosted its position in Unisys by 13.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 533,004 shares of the information technology services provider’s stock worth $2,415,000 after acquiring an additional 64,002 shares during the period. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Price Performance

NYSE UIS opened at $2.69 on Monday. Unisys has a 12 month low of $1.97 and a 12 month high of $4.98. The company has a market capitalization of $196.15 million, a P/E ratio of -0.46, a PEG ratio of 0.32 and a beta of 1.90. The company’s 50 day simple moving average is $3.28 and its 200 day simple moving average is $2.93.

Unisys (NYSE:UIS) last issued its earnings results on Wednesday, July 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $473.50 million for the quarter, compared to the consensus estimate of $448.92 million. Unisys had a negative return on equity of 14.09% and a negative net margin of 21.65%. On average, analysts anticipate that Unisys will post 0.57 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.