Unisys (NYSE:UIS) Upgraded to Hold by StockNews.com

Unisys (NYSE:UIS – Get Rating) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

Several other equities research analysts also recently issued reports on UIS. Maxim Group downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Friday, February 24th. Canaccord Genuity Group downgraded shares of Unisys from a “buy” rating to a “hold” rating and dropped their price target for the company from $20.00 to $5.00 in a research report on Wednesday, November 9th. CJS Securities downgraded shares of Unisys from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 9th. Finally, Canaccord Genuity Group downgraded shares of Unisys from a “buy” rating to a “hold” rating and dropped their price target for the company from $20.00 to $5.00 in a research report on Wednesday, November 9th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Unisys currently has an average rating of “Hold” and a consensus price target of $12.33.

Unisys Trading Up 2.1 %

Unisys stock opened at $4.87 on Friday. Unisys has a 52 week low of $3.93 and a 52 week high of $23.10. The company has a debt-to-equity ratio of 22.74, a quick ratio of 1.41 and a current ratio of 1.43. The stock has a market capitalization of $330.14 million, a P/E ratio of -3.10 and a beta of 0.73. The stock has a 50-day simple moving average of $5.29 and a 200 day simple moving average of $6.63.

Unisys (NYSE:UIS – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The information technology services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.52. The firm had revenue of $557.00 million during the quarter, compared to the consensus estimate of $533.73 million. Unisys had a negative net margin of 5.35% and a negative return on equity of 102.61%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share.

Institutional Investors Weigh In On Unisys

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in shares of Unisys by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 641,297 shares of the information technology services provider’s stock worth $13,858,000 after purchasing an additional 5,465 shares during the period. HighTower Advisors LLC purchased a new position in shares of Unisys in the 1st quarter valued at approximately $279,000. Natixis Advisors L.P. raised its position in Unisys by 18.3% during the 1st quarter. Natixis Advisors L.P. now owns 12,176 shares of the information technology services provider’s stock worth $263,000 after buying an additional 1,887 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Unisys by 50.1% during the 1st quarter. MetLife Investment Management LLC now owns 34,768 shares of the information technology services provider’s stock worth $751,000 after purchasing an additional 11,606 shares during the period. Finally, Rhumbline Advisers grew its stake in Unisys by 4.8% in the 1st quarter. Rhumbline Advisers now owns 172,646 shares of the information technology services provider’s stock valued at $3,731,000 after acquiring an additional 7,953 shares during the period. Institutional investors own 97.73% of the company’s stock.

About Unisys

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Unisys Corp. is an information technology solutions company that delivers successful outcomes for the most demanding businesses and governments. The firm offers digital workplace solutions, cloud and infrastructure solutions, enterprise computing solutions and business process solutions. It operates through the following business segments: Digital Workplace Solutions (DWS), Cloud & Infrastructure Solutions (C&I), and Enterprise Computing Solutions (ECS).