StockNews.com Initiates Coverage on Unisys (NYSE:UIS)

Stock analysts at StockNews.com initiated coverage on shares of Unisys (NYSE:UIS – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the information technology services provider’s stock.

Separately, Maxim Group lowered Unisys from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.00.

Unisys Stock Performance

UIS opened at $4.31 on Thursday. The firm has a market cap of $294.20 million, a P/E ratio of -1.31 and a beta of 0.69. Unisys has a 52-week low of $3.05 and a 52-week high of $14.62. The company has a debt-to-equity ratio of 9.08, a quick ratio of 1.47 and a current ratio of 1.50. The business’s fifty day moving average is $3.73 and its 200-day moving average is $4.68.

Unisys (NYSE:UIS – Get Rating) last released its earnings results 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 company had revenue of $557.00 million for the quarter, compared to analyst estimates of $533.73 million. Unisys had a negative return on equity of 346.33% and a negative net margin of 10.93%. Unisys’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS.

Insider Transactions at Unisys

In related news, Director Matthew J. Desch acquired 50,000 shares of the stock in a transaction dated Tuesday, May 9th. The stock was bought at an average cost of $3.87 per share, for a total transaction of $193,500.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at $193,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Unisys

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in shares of Unisys by 602.9% during the first quarter. Jane Street Group LLC now owns 877,877 shares of the information technology services provider’s stock valued at $3,406,000 after buying an additional 752,990 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of Unisys by 59.4% during the first quarter. Squarepoint Ops LLC now owns 292,935 shares of the information technology services provider’s stock valued at $1,137,000 after buying an additional 109,157 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Unisys by 5.7% during the first quarter. Geode Capital Management LLC now owns 1,261,452 shares of the information technology services provider’s stock valued at $4,894,000 after buying an additional 67,555 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Unisys by 34.7% during the first quarter. AQR Capital Management LLC now owns 625,412 shares of the information technology services provider’s stock valued at $2,427,000 after buying an additional 161,034 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Unisys by 969.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,455,663 shares of the information technology services provider’s stock valued at $5,648,000 after buying an additional 1,319,516 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Unisys Company Profile

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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).