Unisys (NYSE:UIS) PT Lowered to $27.00 at Maxim Group

Unisys (NYSE:UISGet Rating) had its target price cut by equities research analysts at Maxim Group from $35.00 to $27.00 in a research note issued on Friday, The Fly reports. Maxim Group’s price target would suggest a potential upside of 84.55% from the stock’s current price.

Separately, StockNews.com started coverage on shares of Unisys in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of UIS traded down $0.12 during mid-day trading on Friday, hitting $14.63. 2,824 shares of the company traded hands, compared to its average volume of 328,799. Unisys has a one year low of $13.64 and a one year high of $28.60. The business has a 50-day moving average of $20.55 and a 200 day moving average of $20.51. The stock has a market capitalization of $989.46 million, a price-to-earnings ratio of -2.19 and a beta of 0.44.

Unisys (NYSE:UISGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The information technology services provider reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.19). Unisys had a negative net margin of 21.83% and a negative return on equity of 54.39%.

In related news, CFO Michael M. Thomson sold 5,691 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $22.07, for a total value of $125,600.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Michael M. Thomson sold 10,028 shares of the stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $21.11, for a total transaction of $211,691.08. The disclosure for this sale can be found here. Insiders sold 21,386 shares of company stock worth $462,362 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of UIS. Moors & Cabot Inc. acquired a new stake in Unisys in the third quarter worth $53,000. O Shaughnessy Asset Management LLC raised its holdings in Unisys by 266.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,926 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 2,128 shares during the period. Emerald Advisers LLC acquired a new stake in Unisys in the fourth quarter worth $83,000. Nisa Investment Advisors LLC raised its holdings in Unisys by 132.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,325 shares of the information technology services provider’s stock worth $115,000 after purchasing an additional 3,600 shares during the period. Finally, Royal Bank of Canada raised its holdings in Unisys by 71.9% in the second quarter. Royal Bank of Canada now owns 6,471 shares of the information technology services provider’s stock worth $164,000 after purchasing an additional 2,706 shares during the period. Institutional investors own 91.06% of the company’s stock.

About Unisys (Get Rating)

Unisys Corporation, together with its subsidiaries, operates as an information technology services company worldwide. It operates in Digital Workplace Solutions (DWS); Cloud and Infrastructure Solutions (C&I); and Enterprise Computing Solutions (ECS) segments. The DWS segment provides solutions that transform digital workplaces securely and create exceptional end-user experiences.

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