Unisys (NYSE:UIS) Raised 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 released on Tuesday morning.

Unisys Price Performance

Shares of UIS stock opened at $7.49 on Tuesday. The company has a market capitalization of $519.51 million, a PE ratio of -1.32, a price-to-earnings-growth ratio of 1.75 and a beta of 0.73. The firm’s 50-day moving average is $6.34 and its two-hundred day moving average is $5.25. Unisys has a 12 month low of $3.32 and a 12 month high of $8.49.

Unisys (NYSE:UIS) last released its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The business had revenue of $497.00 million during the quarter, compared to analyst estimates of $486.50 million. Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.33) earnings per share. Sell-side analysts forecast that Unisys will post 0.31 EPS for the current year.

Institutional Trading of Unisys

Hedge funds and other institutional investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new position in Unisys during the third quarter worth about $36,000. Point72 DIFC Ltd acquired a new position in shares of Unisys in the 2nd quarter worth approximately $30,000. Cubist Systematic Strategies LLC purchased a new position in shares of Unisys during the 2nd quarter worth approximately $41,000. Creative Planning acquired a new stake in Unisys in the 3rd quarter valued at approximately $58,000. Finally, Paloma Partners Management Co purchased a new stake in Unisys in the third quarter valued at approximately $60,000. 86.87% of the stock is owned by institutional investors and hedge funds.

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.