StockNews.com Downgrades Unisys (NYSE:UIS) to Hold

StockNews.com lowered shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a report published on Monday.

Unisys Stock Performance

UIS opened at $6.30 on Monday. The firm has a market cap of $436.99 million, a P/E ratio of -1.11, a PEG ratio of 1.52 and a beta of 0.79. Unisys has a fifty-two week low of $3.32 and a fifty-two week high of $8.93. The firm has a 50-day moving average of $7.27 and a 200 day moving average of $5.99.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the firm earned ($0.33) EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts predict that Unisys will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Unisys

A number of institutional investors have recently added to or reduced their stakes in the business. Diversified Trust Co raised its stake in Unisys by 12.4% in the fourth quarter. Diversified Trust Co now owns 21,613 shares of the information technology services provider’s stock valued at $137,000 after purchasing an additional 2,380 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Unisys by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider’s stock valued at $13,215,000 after buying an additional 38,572 shares in the last quarter. 272 Capital LP purchased a new stake in shares of Unisys during the 3rd quarter valued at $1,832,000. Virtu Financial LLC purchased a new position in Unisys in the third quarter worth $62,000. Finally, Barclays PLC increased its stake in Unisys by 127.6% in the third quarter. Barclays PLC now owns 126,819 shares of the information technology services provider’s stock valued at $722,000 after acquiring an additional 71,093 shares during the last quarter. 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.