Unisys (NYSE:UIS) Stock Rating Lowered by StockNews.com

Unisys (NYSE:UIS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Unisys Stock Performance

Shares of UIS opened at $7.37 on Wednesday. Unisys has a 52-week low of $3.32 and a 52-week high of $8.49. The stock’s 50-day simple moving average is $6.41 and its 200 day simple moving average is $5.28. The stock has a market capitalization of $511.18 million, a price-to-earnings ratio of -1.30, a price-to-earnings-growth ratio of 1.61 and a beta of 0.73.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The firm had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) earnings per share. On average, research analysts forecast that Unisys will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UIS. Point72 DIFC Ltd purchased a new position in Unisys during the second quarter worth about $30,000. nVerses Capital LLC purchased a new position in shares of Unisys during the third quarter worth about $36,000. Cubist Systematic Strategies LLC bought a new position in shares of Unisys in the second quarter worth approximately $41,000. Oak Thistle LLC bought a new stake in Unisys during the second quarter valued at approximately $52,000. Finally, Creative Planning purchased a new position in Unisys in the 3rd quarter worth approximately $58,000. Institutional investors own 86.87% of the company’s stock.

About Unisys

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.