Unisys (NYSE:UIS) Price Target Lowered to $6.50 at Canaccord Genuity Group

Unisys (NYSE:UIS) had its price target decreased by analysts at Canaccord Genuity Group from $7.00 to $6.50 in a report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the information technology services provider’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 31.05% from the company’s current price.

Separately, StockNews.com raised Unisys from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th.

Unisys Price Performance

Shares of NYSE:UIS traded down $0.98 on Thursday, hitting $4.96. The company’s stock had a trading volume of 745,357 shares, compared to its average volume of 411,230. Unisys has a 1 year low of $3.32 and a 1 year high of $8.93. The company has a market capitalization of $344.03 million, a PE ratio of -1.74, a PEG ratio of 0.73 and a beta of 0.78. The company has a 50-day simple moving average of $6.65 and a 200 day simple moving average of $6.39.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Unisys had a negative net margin of 9.63% and a negative return on equity of 19.52%. The business had revenue of $545.40 million during the quarter, compared to analyst estimates of $550.93 million. During the same period in the previous year, the business posted $0.51 earnings per share. On average, equities research analysts expect that Unisys will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Needham Investment Management LLC grew its holdings in shares of Unisys by 7.9% during 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 purchasing an additional 385,000 shares during the last quarter. 272 Capital LP purchased a new stake in Unisys during the third quarter valued at about $1,832,000. Cubist Systematic Strategies LLC grew its stake in shares of Unisys by 680.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 252,803 shares of the information technology services provider’s stock valued at $1,600,000 after buying an additional 220,404 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Unisys in the fourth quarter worth about $1,260,000. Finally, State Street Corp increased its holdings in shares of Unisys by 13.2% in 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 buying an additional 188,630 shares during the period. 86.87% of the stock is 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.