Unisys (NYSE:UIS) Rating Increased to Buy at StockNews.com

Unisys (NYSE:UIS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Unisys Trading Up 1.1 %

Shares of NYSE UIS opened at $8.17 on Tuesday. The business’s 50 day moving average is $6.24 and its 200-day moving average is $5.21. The firm has a market cap of $566.67 million, a P/E ratio of -1.44, a price-to-earnings-growth ratio of 1.74 and a beta of 0.73. Unisys has a 1-year low of $3.32 and a 1-year high of $8.49.

Unisys (NYSE:UIS) last announced its 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). Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The business had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. During the same period in the previous year, the firm posted ($0.33) EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Analysts forecast that Unisys will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Unisys

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Unisys by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock worth $32,076,000 after acquiring an additional 300,941 shares during the period. Bank of Montreal Can increased its position in shares of Unisys by 738.6% in the second quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider’s stock worth $1,187,000 after purchasing an additional 253,108 shares during the period. Federated Hermes Inc. lifted its position in Unisys by 13.8% during the second quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after purchasing an additional 162,177 shares during the period. GSA Capital Partners LLP grew its stake in Unisys by 67.2% during the third quarter. GSA Capital Partners LLP now owns 365,589 shares of the information technology services provider’s stock worth $2,077,000 after buying an additional 146,899 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Unisys in the 1st quarter valued at approximately $454,000. 86.87% of the stock is currently owned by institutional investors.

Unisys Company Profile

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.