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

StockNews.com upgraded shares of Unisys (NYSE:UIS) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Unisys Price Performance

Unisys stock opened at $6.42 on Friday. The stock’s fifty day moving average is $7.23 and its two-hundred day moving average is $5.79. The stock has a market cap of $445.31 million, a PE ratio of -1.13, a P/E/G ratio of 1.52 and a beta of 0.75. Unisys has a 1-year low of $3.32 and a 1-year high of $8.93.

Unisys (NYSE:UIS) last posted its earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.21). The business had revenue of $497.00 million for 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%. Unisys’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.33) EPS. On average, research analysts expect that Unisys will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Unisys

A number of hedge funds have recently modified their holdings of UIS. Needham Investment Management LLC increased its position in Unisys by 7.9% in the 3rd quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock valued at $29,820,000 after acquiring an additional 385,000 shares during the period. 272 Capital LP acquired a new position in shares of Unisys in the third quarter valued at approximately $1,832,000. Bank of Montreal Can raised its stake in shares of Unisys by 738.6% during 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 last quarter. State Street Corp raised its stake in shares of Unisys by 13.2% during the third quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock worth $9,162,000 after purchasing an additional 188,630 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Unisys by 13.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock valued at $5,510,000 after buying an additional 162,177 shares during the last quarter. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

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.